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Chile's Economic Activity Unexpectedly Declines on Mining Plunge

Chile's Economic Activity Unexpectedly Declines on Mining Plunge

Bloomberg5 days ago
Chile's economic activity unexpectedly fell for the second straight month in June on a plunge in mining, as the central bank signals that it will gradually reduce its interest rate over coming quarters.
The Imacec index, a proxy for gross domestic product, declined 0.4% from May, compared to the 0.3% increase expected by economists in a Bloomberg survey. Activity gained 3.1% from the prior year, the central bank reported on Friday.
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