Chile: Economic activity growth gains steam in August
Economic activity rose 19.1% year-on-year in August (July: +18.1% yoy). August’s upturn was driven by an improvement in both the mining and the non-mining sectors.
On a seasonally-adjusted monthly basis, economic activity rose at a softer pace of 1.1% in August (July: +1.4% mom). Meanwhile, annual average economic activity growth rose to 6.8% in August (July: +4.2%), signaling an improving trend.