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Published on Wednesday, October 29, 2014 | Updated on Sunday, July 15, 2018

Chile: Activity data by sector surprised to the downside in September

Mining production registered a contraction of 3.5% YoY and retail sales declined 0.9% YoY, the latter below expectations (BBVAe: +1.5% YoY). Meanwhile, manufacturing increased by 5.0% YoY, above expectations (BBVAe: +1.5% YoY) but supported mainly by two additional working days. All in all, we estimate the Imacec grew around 1.0% YoY in September, which consolidates a weak GDP growth expansion of only 0.7% YoY in 3Q14.