Investing.com -- Chile’s economic activity in March showed a year-on-year growth of 3.8%, exceeding market predictions, according to data released by the country’s central bank on Friday. Economists had anticipated a 2.7% expansion for the same period.

The South American nation, known as the world’s largest copper producer, reported broad-based growth on an annual basis. The central bank indicated that the overall index was driven up by increases in goods production, trade, and services activity.

This data release marks a positive development for Chile’s economy, as it not only surpassed expectations but also demonstrated a diverse growth across multiple sectors.

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