05.12.201718:25:00UTC+00CHILE: Economic Activity Rises In October At Fastest Pace Since August 2016

Chile's Monthly Indicator of Economic Activity (IMACEC) posted a 2.9% increase in October from the same period of 2016, said the country's central bank. The index accelerated compared to September (+1.3%), posting its fastest growth pace since August 2016.

Before seasonal adjustment, October's IMACEC decreased 0.3% when compared to September and grew by 2.7% in 12 months.

According to the Chilean central bank, the mining sector index rose 11.1% in October from a year before, while the non-mining sector index grew 2.2%. Before seasonal adjustment, when compared to September, the IMACEC mining sector index fell by 0.9% in October, while the IMACEC non-mining indicator declined 0.2%.