Monday, the Central Bank of Chile said in a report that the monthly index of economic activity or IMACEC dropped 3.9% year-over-year in February, after falling 1.4% in January. Economists were looking to a decline of 3.3%.

Month-on-month, economic activity declined a seasonally adjusted 0.3% in February, in contrast to a 0.2% rise in the previous month.

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