Chile: Economic activity lackluster in June
August 5, 2016
In June, economic activity rose a meagre 0.8% over the same month last year, according to the monthly indicator for economic activity (IMACEC). The figure marked a slowdown over May’s 1.9% expansion. According to the Central Bank, June’s subdued expansion mainly reflected that growth in services and commerce more than offset a steep drop in mining and weakness in the industrial sector.
On a monthly basis, economic activity in June rose 0.2% in seasonally-adjusted terms, which came in below May’s 0.7% increase. Annual average growth in economic activity fell from 1.8% in May to 1.6% in June.