The Government -in the voice of the Minister of Finance, Ignacio Briones– He stressed that the fall of the Imacec (Monthly Indicator of Economic Activity) has been less pronounced than projected, but stressed that in any case it is a great blow to the local economy.
According to the Central Bank (BC) economic activity in June fell 12.4% compared to the same month of the previous year. In mayo it contracted 15.3% and in April 14,1%.
Briones commented that the last indicator “is less than what analysts and the market estimated.” Quoted by Pulse, yes, He stressed that the fall is still substantial.
Therefore he added that this second trimester will be “the baddest in a long time, with a drop in economic activity close to 14% ”.
According to the aforementioned media, the Secretary of State reiterated that the Government will focus on recovering the economy by reactivating the labor market.
The mining Imacec grew 2.2% in June, while the non-mining Imacec fell 14.0%. In seasonally adjusted terms and with respect to the previous month, the mining Imacec increased 1.1% and the non-mining did so by 1.7%.
Regarding the result of the latter Imacec, the Central Bank explained that June was impacted by the effects of the health emergency. The most affected activities were services and construction and, to a lesser extent, commerce and manufacturing.
In the services the falls of education, transportation, restaurants and hotels; and business services.
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