(Adds detail about IPSA touching record high, quote from Finance Minister)
SANTIAGO, Jan 5 (Reuters) - Chile's IPSA stock index hit a record high on Friday, boosted by a Central Bank report that showed economic activity had posted its largest year-over-year gain in nearly two years.
The IMACEC economic activity index, which encompasses about 90 percent of the economy tallied in gross domestic product figures, came in at 3.2 percent for November, as both manufacturing and mining activity increased sharply, the central bank said.
The increase was well above Reuters forecasts of a 2.4 percent increase.
The IPSA stock index was up .30 pct overall in mid day trading after touching an all-time high earlier in the morning.
"Chile's economy is reactivating," Finance Minister Nicolas Eyzaguirre told reporters following the reports. "It's good news during this (austral) summer."
Economic activity in November was lifted by a 2.9 percent increase in mining, the central bank said, as a sharp spike in copper prices has boosted output in the world's top producer of the metal.
Industrial manufacturing output had also surged 3.2 percent, the bank said.
Compared with October, economic activity increased a seasonally adjusted 0.7 percent.
NovemberReuters October November
2017Poll20172016Rate y/y3.2 2.4 2.9 1.0
(pct) (Reporting by Dave Sherwood, Felipe Iturrieta and Antonio De la Jara; Editing by Lisa Von Ahn and Alistair Bell)
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