The Chilean Central Bank announced that the performance of the country’s economy, which exceeded expectations, increased in November 2024 by 2.1 percent from November 2023, as measured by the IMACEC index.
The production of goods increased by 2.7 percent, mining activities increased by 3.5 percent, and the manufacturing industry increased by 1.2 percent, while trading activities increased by 4.8 percent and the services sector increased by 1.4 percent.
When comparing November and October 2024, the IMACEC index increased by 0.3 percent, with the production of goods increasing by 0.9 percent, mining activities declining by 0.4 percent, the manufacturing industry increasing by 2.2 percent, trading activities increasing by 1.1 percent, and services declining by 0.2 percent.
The monthly index of economic activity (IMACEC) is considered as a proxy of the evolution of the Chilean gross domestic product (GDP).