Chile | Imacec rose +2.8% YoY in February driven by strong calendar effects
Published on Tuesday, April 5, 2016 | Updated on Sunday, July 15, 2018
Chile | Imacec rose +2.8% YoY in February driven by strong calendar effects
Summary
Economic activity rose 2.8% YoY (0.8% MoM SA), above our forecast and market consensus (both at around +2.4% YoY). The figure was driven by positive contributions from commerce, services and mining, but also affected by strong calendar effects related to one additional working-day. For March we estimate a preliminary figure within the range 1.0%/2.0% YoY.
Geographies
- Geography Tags
- Latin America
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Aníbal Antonio Alarcón
Cristóbal Gamboni
Hermann Esteban González
Jorge Selaive
Fernando Soto