Latam Daily | Activity data reinforces the downward bias to our 2015 GDP forecast in Chile

Summary

In Chile, aggregate activity rose 0.8% YoY in May missing the consensus, mainly driven by decline in manufacturing, mining and wholesale trade. This weak figure reinforces our view for a downward bias to our GDP growth forecast. Today, the trade balance and exports will be released in Chile and Colombia respectively. We expect Colombia’s exports to have fallen 43%.

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