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The growth of Chile's economy fell short of expectations in November when it expanded 2.8% year-on-year.
Analysts had expected the economy to grow in the 3.1-3.4% range and Credicorp Capital said in a research note that November's growth rate was the lowest since July 2011.
The central bank (BCCH) said the country's economic performance in November had been driven by an increase in mining activity that was partly offset by a drop in manufacturing activity and weak performance by the wholesale commerce sector.
According to BCCH's preliminary growth figures, Chile's GDP increased 0.5% in seasonally-adjusted terms compared to October.