Chile | Imacec increased 1.5% YoY in December 2015, above expectations

Economic activity in December 2015 increased 1.5% YoY (+0.8% MoM), above both our forecast and the market consensus (at 0.9% YoY). The figure was driven by positive contributions from services but offset by declines in mining output. With this figure, preliminary GDP growth reached 2.0% last year and a +1.5% YoY in 4T15 (the lowest quarterly growth rate in 2015).

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