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06 Dec 2018, Radoslav Yordanov, EMIS Editor

Chile’s economic activity growth accelerates to 4.2% y/y in October

Chile’s economic activity rose 4.2% year-on-year in October, improving by 2.1% compared to the hike recorded in September, CEEMarketWatch reported citing figures released by the central bank BCCh.

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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