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Chile: Economic activity growth moderates in June
Latest reading: Economic activity rose 3.1% year on year in June (May: +3.2% yoy), undershooting market expectations. The slowdown was largely driven by a deterioration in the mining sector, which recorded the weakest reading since March 2023. Meanwhile, non-mining output improved.
On a monthly basis, economic activity fell 0.4% in seasonally adjusted terms in June, which was below May’s 0.3% fall. Meanwhile, the trend improved modestly, with the annual average growth of economic activity coming in at 2.8%, up from May’s 2.5%.
