Chile: Economic activity recovers in December
February 3, 2020
In December, the IMACEC economic activity index grew 1.1% on an annual basis, rebounding from November’s 3.3% contraction and beating analysts’ expectations.
December’s bounce reflected a 3.7% expansion in the mining economy, contrasting a 5.1% dive in November. In addition, the non-mining economy grew 0.8%, rebounding from a 3.1% fall a month prior on the back of upbeat construction and manufacturing activity.
In month-on-month seasonally-adjusted terms, economic activity rose 3.5% over the previous month in December, up from November’s 1.0% expansion.
Author: Nicolás J. Aguilar, Economist