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