INSUBCONTINENT EXCLUSIVE:
previous year.This growth, reported by the Central Bank of Chile, surpassed expectations and marked a significant economic rebound
The increase was partly due to December having two more working days than the same month in 2023.Goods production led the charge, with a
This growth was driven by robust fruit production, particularly cherries, and strong mining activity
Copper and lithium extraction played a crucial role in boosting the mining sector.Manufacturing also contributed, with increased production
Seasonally adjusted, goods production rose by 2.3% from November, thanks to mining.Trade activity also showed strong performance, rising by
Wholesale trade was a key driver, fueled by food sales and fruit exports
(Photo Internet reproduction)The automotive trade saw higher vehicle sales, contributing to the overall growth
RecoveryThe services sector grew by 2.0% annually, driven by transportation services related to foreign trade
Entrepreneurial services also contributed to this growth
Seasonally adjusted figures for services remained unchanged from November.The non-mining Imacec posted annual growth of 5.4%, with a 0.4%
increase in deseasonalized terms from the previous month
The Central Bank of Chile will release the GDP estimate for 2024 on March 18, 2025.This report will include revisions for the first three
The economic recovery in Chile is supported by lower interest rates, strong commodity exports, and a recovering labor market.This growth is
expected to continue into 2025, with private consumption benefiting from slowing inflation and improved labor market conditions
trading partners and improved international financial conditions contribute to this positive outlook
However, challenges remain, including concerns about crime, migration, and inequality, as well as political polarization that could hinder
challenges, the robust performance in December 2024 provides a strong foundation for future growth
