7 de agosto de 2014 / 18:18 / en 3 años

Chile construction activity shrinks for first time since 2009

SANTIAGO, Aug 7 (Reuters) - Construction activity in Chile slipped for the first time in 4-1/2 years in June, industry data showed on Thursday, as an economic slowdown seeps into what has been one of the economy’s most vibrant sectors.

The monthly IMACON construction activity index decreased 1.0 percent in June versus a year earlier, its first drop since December 2009, said industry group CCHC.

Waning investment and cooling consumption led Chile’s economy to grow at its slowest pace in more than four years in June, central bank data showed on Tuesday, a below-forecast surprise.

“Unfortunately, the deceleration that we’re observing confirms the reduced activity that we had forecast in infrastructure and housing, in line with the generalized weakening of the economy,” said Daniel Hurtado, the CCHC president.

Reporting by Anthony Esposito; Editing by Lisa Shumaker

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