Chile | Activity by sector anticipates an Imacec at around 2% YoY in February

Summary

Manufacturing decreased 0.1% YoY in February, while mining production decreased by 1.5% YoY due to lower copper extraction. Retail sales increased 2.9% YoY, in line with our expectations (BBVAe: +2.5% YoY). All in all, we estimate the Imacec to have grew below 2% YoY (-0.2% MoM sa) in February.

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