Chile’s Economic Growth Slows on Weak Mining

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Chile’s IMACEC economic activity index rose 0.5% year-on-year in August 2025, slowing from 1.8% in July and missing market expectations of 2%. Growth was supported by services (+2.4%) and trade (+3.9%), while mining output fell 8.6%. Retail and wholesale sales drove trade activity, with gains in supermarkets, department stores, food, apparel, and autos. Services were boosted mainly by education, helped by last year’s low base. On the production side, goods output fell 3.4%, led by mining (-8.9%) and lower electricity generation, while manufacturing rose 0.5% on stronger food production. On a monthly basis, activity contracted 0.7%.

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