06 Dec 2018, Radoslav Yordanov, EMIS Editor
Chile’s economic activity growth accelerates to 4.2% y/y in October
The expansion of the local economy is mainly explained by the manufacturing sector, which jumped 9.1% y/y during the month of reference. Commerce activity in the country also had positive contribution to Chile’s economic activity.
On the other hand, Chile’s production was hurt by the mining sector, which fell 6.1% y/y and 4.1 m/m despite stronger copper prices. Excluding the negative impact of this sector, the economy of the South American country increased 5.1% y/y and 0.6m/m in October.
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