Chile: Economic activity falls at a faster clip in April
Latest reading: Economic activity declined 1.2% on a year-on-year basis in April, following a 0.2% decline in the previous month. April’s reading was the weakest since March 2023.
Relative to the prior month’s figures, readings in April worsened for mining (-11.8% in annual terms vs -7.6% in March) and non-mining (+0.4% vs +1.0% in March).
On a seasonally adjusted month-on-month basis, economic activity increased 0.1% in April, following a 0.3% increase in the previous month.