Chile: Economic activity moderates in December
February 5, 2016
In December 2015, economic activity rose 1.5% over the same month of the previous year, according to the monthly indicator for economic activity (IMACEC). The figure came in below the 1.8% increase tallied in November. According to the Central Bank, December’s moderation mainly reflects than a drop in mining activity partly offset an expansion in the services sector.
On a monthly basis, economic activity in December rose 0.83% on a seasonally-adjusted basis, which contrasted November’s 0.41% drop. Annual average growth in economic activity inched down from 2.1% in November to 2.0% in December.