May 4, 2020 / 12:44 PM / in a month

CORRECTED-Chile's economic activity plummeted 3.5% in March -cenbank

(Corrects month to March)

SANTIAGO, May 4 (Reuters) - Chile’s economic activity dropped 3.5% in March from a year earlier, the central bank said on Monday.

The bank’s IMACEC economic activity index declined 5.7% compared to the previous month, as the country went into economic and social shutdown after the arrival in Chile of the new coronavirus.

The index encompasses about 90% of the economy tallied in gross domestic product figures.

Reporting by Aislinn Laing, editing by Louise Heavens

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