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Chile: Economic activity down 0.7 percent in March

Chile: Economic activity down 0.7 percent in March

Chile's central bank says economic activity declined by 0.7 percent in March from a year earlier mainly due to industrial and mining production.
It is the fifth straight monthly decline. The market expected a greater drop of about 1.5 percent.
Industrial production shrank by 7.1 percent and mining production by 6 percent in March from the same month in 2008.
Chile's economy expanded 3.2 percent in 2008.
The central banks on Tuesday predicted a growth of less than 1 percent this year.


Updated : 2021-05-06 12:01 GMT+08:00