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Chile’s economy grows in nearly all its sectors

Santiago de Chile, Feb 29 (Prensa Latina) Industrial production, trade and services had positive results in late January 2024 in Chile, showing progress to recovery, the National Statistics Institute (INE) reported on Thursday.

According to a bulletin issued by that entity, the Industrial Production index grew by 3.6 percent as a 12-month average, driven by activity in its three components.

The best results were in the manufacturing branch, with an increase of 6.5 percentage points, followed by the generation and distribution of electric power, gas and water (1.4), and mining activity, particularly metallic and non-metallic (1.1).

Meanwhile, the Trade Activity Indicator grew by 2.9 percent year-on-year, thanks to wholesale (5.9) and retail (2.8) sales.

In contrast, transactions in supermarkets and large specialty stores fell by 3 percent from February 2023 to January 2024.

Another sector affected by the decline in revenues was the one related to motor vehicles and motorcycles, in both the wholesale and retail areas.