In March, copper prices fell 7.0% over the previous month to an average of USD 3.02 per pound (equivalent to USD 6,650 per tonne). March's decrease followed the 2.0% drop observed in February and confirms the downward trend of copper prices due to slowing demand from China-Chile's main importer of copper. A year-on-year comparison corroborates the deterioration suggested by the monthly data. In annual terms, average copper prices fell 13.0% in March, which followed the 11.3% decrease recorded in February. The reading marked the sharpest fall since August 2012. The Central Bank expects copper prices of USD 3.0 per pound in 2014 and USD 2.85 per pound in 2015. FocusEconomics Consensus Forecast panelists expect copper prices to average USD 3.19 per pound in 2014 before moderating to USD 3.16 per pound in 2015.
Copper prices fall at sharpest rate in nearly two years
April 2, 2014
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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).