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Chile Economic Activity May 2019

Chile: Economic activity inches up in May

In May, the IMACEC index gathered momentum for a third consecutive month. Economic activity rose 2.3% year-on-year in May, accelerating from April’s 2.1% result.

The print chiefly reflected a jump in non-mining economic activity, which accelerated to 2.8% in May from 2.1% a month prior. In contrast, activity in the mining economy contracted 2.3% after increasing 1.9% in April.

In seasonally-adjusted terms, economic activity rose 0.2% month-on-month in May, edging down from April’s 0.3% increase.

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