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Chile | Imacec grew 1.6% YoY in March above estimates due to a strong service sector

Published on Tuesday, May 5, 2015 | Updated on Sunday, July 15, 2018

Chile | Imacec grew 1.6% YoY in March above estimates due to a strong service sector

Aggregate activity grew 1.6% YoY (-0.3% MoM sa) in March, closing 1Q15 with a preliminary expansion of 2.2% YoY. Principally, this figure was explained by the greater value-added of services, which in turn was partially offset by a decline in manufacturing and mining output. All in all, for the current year we kept our estimation of a GDP growth at around 3%.

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