In August, copper prices fell 0.9% over the previous month to an average of USD 3.41 per pound (equivalent to USD 7,516 per tonne), which contrasted the 2.2% gain seen in July. The monthly drop reflected signs of flagging growth in Europe, the United States and China. In annual terms, copper prices fell 16.5% in August, which nonetheless marked an improvement over the 21.4% drop recorded in July. As a result, the downwards trend in place since October 2011 continues, as dim global growth prospects dampen demand for copper. The Chilean Copper Commission (Cochilco) expects copper prices to average USD 3.52 per pound this year, amid expectations of a recession in the Eurozone, a soft landing of the Chinese economy and a fragile economic recovery in the U.S. economy.
Copper prices drop in August
October 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).