Chile mining sector continues to lag on growth

5th July 2019 By: Reuters

SANTIAGO – Chile's economic activity rose 2.3% in May from the same month a year ago, the central bank said on Friday, as the top copper producer´s crucial mining sector continued to lag.

The IMACEC economic activity index encompasses about 90% of the economy tallied in gross domestic product figures.

Mining activity in May dropped 2.3% compared with the same month in 2018 as the sector continued to confront sharply falling ore grades at its largest deposits.

Non-mining activity grew by 2.8%, the bank said.