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September 01, 2023
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Chile economic activity growth 1.78% y-o-y in Jul-23

- Chile's economic activity grew by 1.78% year-on-year in July 2023, marking the highest growth since June 2022 and indicating a recovery beyond the 0.9% consensus expectation.
- Despite the positive performance, the growth rate remains 1.82 percentage points below the long-run average, highlighting the need for further progress.

August 30, 2023
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Chile unemployment rate 8.77% (consensus 8.6%) in Jul-23

- Chile's unemployment rate rose to 8.77% in July 2023, further than the 8.6% consensus, reaching its highest level since March 2023.
- The current rate exceeds both the one-year average by 0.48 percentage points and the long-run average by 1.28 percentage points, indicating underlying structural issues in the labor market.

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