Chile September Output Down 5.3 Percent from 2019, Up 5.1 Percent from August

The worst-hit sectors were construction, education and transport along with restaurants and hotels, the bank said, while retail trade, business services and manufacturing rallied.

RIO DE JANEIRO, BRAZIL - Chile’s economic output sank 5.3 percent in September year-on-year but grew 5.1 percent from the previous month, the central bank said on Monday, November 2nd, as the world’s no. 1 copper producer emerged from the worst period of the coronavirus pandemic.

The Andean country’s IMACEC economic activity index, which encompasses about 90 percent of the economy tallied in gross domestic product figures, ordinarily sees a bounce in September as its citizens celebrate the annual independence holidays.

Mining activity declined 1.9 percent on the same month the previous year . . .

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