LatAm Daily | Economic indicators for Chile confirm our view of a 2.2% GDP growth in 2015

Summary

Imacec grew 2.5% YoY, slightly above our expectations [BBVAe: 2.3%] due to manufacturing and services. The trade balance showed a deficit of USD62mn; and nominal wages rose 6.2% YoY driven by an increase in the minimum salary. Overall, we expect a GDP growth of 2.2% in 2015, with slacker domestic and external demand and a weaker labour market.

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