In May, copper prices fell 4.1% over the previous month to an average of USD 3.59 per pound (equivalent to USD 7,920 per tonne), which followed the 2.3% drop in April, and marked the lowest level so far this year. The reading came in amid weak economic indicators in China and heightened tensions in the Eurozone, which signalled a downturn in global economic growth and triggered a widespread moderation across commodity prices In annual terms, copper prices fell 11.3% over the same month last year, which followed the 12.9% drop recorded in April. The annual decline marked the eight consecutive negative reading, as dim global growth prospects dampen demand for copper. The Chilean Copper Commission (Cochilco) expects copper prices to average USD 3.84 per pound this year, amid expectations of a mild recession in the Eurozone as well as a soft landing of the Chinese economy.
Copper prices drop in May
June 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).