Ultimate magazine theme for WordPress.

Chile’s economy grew 7.2% in the first quarter, below expectations

May 18 (Reuters) – Chile’s economy grew 7.2% year on year in the first quarter of 2022, central bank data showed on Wednesday, boosted by growth in services and retail sectors.

That’s below expectations for a 7.9% increase, according to a Reuters poll of analysts and economists.

Gross domestic product (GDP) fell a seasonally adjusted 0.8% over the previous three months, versus a forecast decline of 0.4%.

“A large chunk of activity was positive, with the biggest gains in service activity – particularly in personal, transport and business – and retail,” the central bank said.

Mining, agriculture, forestry and fisheries have all declined, the bank added.

Sign up now for FREE unlimited access to Reuters.com

to register

Reporting by Gabriel Araujo and Steven Grattan in Sao Paulo, editing by Louise Heavens and John Stonestreet

Our standards: The Thomson Reuters Trust Principles.

Comments are closed.

%d bloggers like this: