Chile: Economic activity slows in October
December 7, 2015
In October, economic activity rose 1.5% over the same month last year, according to the monthly indicator for economic activity (IMACEC). The figure fell short of the 2.7% increase tallied in September. According to the Central Bank, October’s deceleration mainly came on the back of a slowdown in manufacturing and mining. Conversely, services picked up in October.
On a monthly basis, economic activity in October was unchanged on a seasonally-adjusted basis, which came in below September’s 1.1% rise. Annual average growth in economic activity remained at September’s 2.1%.