In November, copper prices fell 4.4% over the previous month to an average of USD 3.50 per pound (equivalent to USD 7,711 per tonne), which followed the 0.3% decrease seen in October. The monthly drop came on the back of persistent uncertainty over the Eurozone crisis resolution and U.S. budget talks. That said, on 30 November, copper prices rallied to USD 3.62 per pound, the highest end of period level since April, amid news of better growth prospects for China, the world's biggest copper consumer. Despite the monthly drop, copper prices rose 1.7% in annual terms, which contrasted the 10.8% drop in the same month last year. The reading added to the 9.0% increase recorded in October.
Copper prices continue to ease
December 1, 2012
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Chile Economic News
October 12, 2016
In September, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) rose slightly, inching up from August’s record-low of 31.5 points to 33.4 points.
October 7, 2016
In September, consumer prices rose 0.2% over the previous month, which came in above August’s flat reading.
October 6, 2016
In Q3, the mood among Chilean businesses improved and reached the highest level in a year.
October 5, 2016
For a third consecutive month, the mood among Chilean businesses improved in September after it had fallen to the lowest level in over seven years in June.
October 5, 2016
In August, economic activity rose 2.5% over the same month last year, according to the monthly indicator for economic activity (IMACEC).