Chile: Economic activity slows again in March
May 5, 2015
In March, economic activity rose 1.6% over the same month last year, according to the monthly indicator for economic activity (IMACEC). The figure marked a deceleration from the 2.0% increase tallied in February but came in above market expectations of a 1.1% expansion. According to the Central Bank, the result mainly reflected an increase in services, which was partly offset by a drop in mining activity.
On a monthly basis, economic activity fell a seasonally-adjusted 0.3% in March, which came in above the 0.6% decrease posted in the previous month. Annual average growth in economic activity inched down from 2.0% in February to 1.6% in March.