Chile: Economic activity slows in April
June 6, 2016
In April, economic activity rose 0.7% over the same month last year, according to the monthly indicator for economic activity (IMACEC). The figure marked the slowest expansion in six months and a notable deceleration compared to March’s 2.2% increase. According to the Central Bank, April’s modest expansion mainly reflected that growth in services and retail sales partly offset weakness in mining, industry and wholesale trade.
On a monthly basis, economic activity in April fell 1.3% on a seasonally-adjusted basis, which came in below March’s flat reading. Annual average growth in economic activity edged down from 1.9% in March to 1.7% in April.