Time For A Rate Rise?

June 2004 | Market Strategy

The recovery in the Chilean economy continues to gather momentum. According to recent central bank figures, its monthly economic activity index known as Imacec, which covers about nine-tenths of GDP, showed a 5% y-o-y rise in April. Apart from higher mining and industrial output, this also reflected an improved outturn for exports. To a large extent, higher exports explained the rise in the surplus on merchandise trade account last month to US$967m. Exports totalled US$2,756m in May, against imports, which stood at US$1,789m. An important support to exports remains copper receipts, which make up around 40% of the total. The

If you would like to subscribe to Emerging Markets Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Emerging Markets Monitor please click on the trial link below.