Chile: Economic activity gains speed in September
November 5, 2015
In September, economic activity rose 2.6% over the same month last year, according to the monthly indicator for economic activity (IMACEC). The figure exceeded the 1.1% increase tallied in August and marked the largest gain in eight months. According to the Central Bank, September’s acceleration mainly came on the back of growth in services and in manufacturing.
On a monthly basis, economic activity in September rose 1.1% on a seasonally-adjusted basis, which contrasted August’s 1.0% contraction. Annual average growth in economic activity ticked up from August’s 2.0% to 2.1% in September.