FX.co ★ Chile’s Economic Growth Slows on Weak Mining

In August 2025, Chile's IMACEC economic activity index experienced a year-on-year increase of 0.5%, decelerating from July's 1.8% growth and falling short of the market's projected 2%. The expansion was primarily fueled by the services sector, which grew by 2.4%, and the trade sector, which saw an increase of 3.9%. However, the mining sector faced an 8.6% decline. Within trade, retail and wholesale sales were invigorated by the positive performance of supermarkets, department stores, as well as the food, apparel, and automobile segments. The services sector benefited significantly from education, leveraging a low comparison base from the previous year. In terms of production, goods output decreased by 3.4%, largely due to an 8.9% decline in mining and reduced electricity generation. Conversely, manufacturing experienced a slight uptick of 0.5%, driven by robust food production. Month-on-month, overall activity contracted by 0.7%.