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Chile's economic activity index bolstered by increase in services

03 Tháng Năm 2022
Chile's economic activity index bolstered by increase in services © Reuters. A container ship of the Mediterranean Shipping Company S.A. (MSC) is seen next to cranes at the San Antonio port in Chile August 6, 2019. REUTERS/Rodrigo Garrido

SANTIAGO (Reuters) - Chile's IMACEC economic activity index, a close proxy of gross domestic product (GDP), rose 7.2% in March from the same month last year, the country's central bank said on Monday.

That was above market expectations of a 6.3% rise, according to a Reuters poll of economists. In a statement, the central bank said the rise was "mainly explained by the increase in services activity."

It said services, including transport and business services, rose 12.2%. Commerce also registered a 8.6% rise, boosted by retail sales, household equipment and automobile sales.

The central bank noted a 1.5% drop in goods production as a result of a decline in the performance of the mining industry.

Chile's economic activity in March was also up 1.6% from a month earlier in seasonally adjusted terms, the central bank added.

Services and commerce fell sharply due to health measures imposed during the coronavirus pandemic, but those measures have been loosened and Chile's economy has recovered faster than expected.

That has also led to strong pressure on consumer prices, which the central bank has tried to battle with a sharp rise in the benchmark interest rate.

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23-05-2022 23:43:41 (UTC+7)

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EUR/USD

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 EUR/USD1.0677↑ Buy
 GBP/USD1.2578↑ Buy
 USD/JPY127.85↑ Sell
 AUD/USD0.7105↑ Buy
 USD/CAD1.2787Neutral
 EUR/JPY136.50↑ Buy
 EUR/CHF1.0316↑ Buy
 Gold1,849.69Buy
 Silver21.761Buy
 Copper4.3533↑ Buy
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 Brent Oil110.24↑ Sell
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 US Coffee C215.45Buy
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 S&P 5003,969.95Sell
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 BASF49.735↑ Buy
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