Chile: Economic activity expands at slower pace in March
May 5, 2016
In March, economic activity rose 2.1% over the same month last year, according to the monthly indicator for economic activity (IMACEC). The figure marked a deceleration over February’s 2.8% increase, which marked the fastest pace of growth in over a year. According to the Central Bank, March’s expansion mainly reflects growth in services.
On a monthly basis, economic activity in March fell 0.1% over the previous month on a seasonally-adjusted basis, which contrasted February’s 0.7% increase. Annual average growth in economic activity inched down from 1.9% in February to 1.8% in March.