Chile: Economic activity speeds up in April
June 5, 2019
In April, the IMACEC index gathered momentum for a second consecutive month, after February recorded the weakest expansion in almost two years. Economic activity rose 2.1% year-on-year in April, accelerating from March’s 1.8% result.
The print chiefly reflected a rebound in the mining economy, which expanded 1.9% after contracting a revised 0.9% a month prior (previously reported: -2.1% year-on-year). Meanwhile, growth in the non-mining economy came at 2.1% in April, matching March’s revised result (previously reported: +2.3% yoy).
In seasonally-adjusted terms, economic activity rose 0.3% month-on-month in April, down from March’s 0.6% increase.
Author: Nicolás J. Aguilar, Economist