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Chile: Economic activity growth moderates in April
Latest reading: Economic activity grew 2.5% compared to the same month of the previous year in April, which followed March’s 3.7% increase and was slightly above market expectations. Looking at the details of the release, the mining sector rose at a faster pace in April, while the non-mining sector decelerated.
On a seasonally adjusted monthly basis, economic activity rose at a softer pace of 0.6% in April (March: +0.7% mom). Meanwhile, annual average economic activity growth fell to 2.3% in April (March: +2.4%), pointing to a worsening trend.
