Chile economic activity declines 1.2% in April

Created at 1 Jun · 13:45 UTC3 sources↑ Market-relevant3 events

IN SHORT

Chile's economic activity fell 1.2% year-on-year in April, marking the fourth consecutive month of contraction. Mining activity was the primary drag, down 11.8%, while the non-mining economy grew 0.4%. This weak performance may lead to revised growth forecasts and potential fiscal policy adjustments.

Key Numbers

-1.2%April economic activity decline year-on-year

11.8%Mining activity contraction year-on-year in April

0.4%Non-mining economy growth year-on-year in April

-0.4%Manufacturing contraction year-on-year in April

0.8%Services sector growth year-on-year in April

2.1%Domestic trade growth year-on-year in April

-0.6%Economic activity decline in Jan-Apr

Who's Involved

Central Bank of Chile (BCCh)

Published economic activity data for April

Kast administration

Government signaling fiscal consolidation targets

Chile economic activity declines 1.2% in April

Key facts

Chile's economic activity declined 1.2% year-on-year in April.
This is the fourth consecutive month of economic contraction.
Mining activity fell 11.8% year-on-year due to copper production issues.
The non-mining economy grew 0.4% year-on-year.
Manufacturing contracted 0.4% year-on-year.
The services sector expanded 0.8% year-on-year.

Chile's economy has been facing a slowdown, with recent data indicating a continuation of disappointing economic indicators. The country, historically one of Latin America's most prosperous, is struggling to stimulate growth. This latest report on economic activity provides further evidence of the challenges the nation faces in improving its economic trajectory, potentially leading to adjustments in fiscal and monetary policy.

Chile economic activity declines 1.2% in April

PiQ Daily

Key facts

Chile economic activity declines 1.2% in April

PiQ Daily

Key facts

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