Chile: Economic activity grows at fastest pace in over a year
April 4, 2016
In February, economic activity rose 2.8% over the same month last year, according to the monthly indicator for economic activity (IMACEC). The figure marked the fastest pace of growth in over a year and exceeded January’s weak 0.5% expansion. According to the Central Bank, February’s notable acceleration mainly reflects expansions in services, mining and trade.
On a monthly basis, economic activity in February grew 0.8% over the previous month on a seasonally-adjusted basis, which contrasted January’s 0.2% drop. Annual average growth in economic activity inched up from 1.8% in January to 1.9% in February.