Weekly Report - 12 October 2017 (WR-17-40)

CHILE | Falling short of expectations. Chile’s monthly economic activity index (Imacec), a GDP proxy measure, increased by 2.4% in August compared with the same month last year, according to new figures released by the central bank (BCCh) on 5 October. The August Imacec result was largely driven by a 9.2% year-on-year increase in the mining Imacec, compared to a 1.8% increase in the non-mining Imacec, according to the BCCh report.