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  HOME | Chile

Chile’s Economy Grows 1.7% in April, Less Than Expected

SANTIAGO – Chilean economic activity grew 1.7 percent in April compared with the same month in 2014, the Central Bank reported Friday.

The figure disappointed economists, who had forecast a 2.2-2.6 percent increase, but was still an improvement from March’s reading of 1.6 percent interannual growth.

Services were the strongest sector in April, according to the Central Bank.

The figures come from the bank’s Monthly Index of Economic Activity, a survey that covers 91 percent of goods and services included in gross domestic product.

Chile’s economy has shown signs of improvement in recent months after GDP growth slowed to 1.9 percent in 2014, the weakest performance in five years.

The Central Bank recently lowered by 0.25 point its projections for growth this year, to a range of 2.25-3.25 percent.

 

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