In November, copper prices increased 1.8% over October to USD 8,375 per tonne (equivalent to USD 3.80 per pound). At the current level, copper prices are 22.9% higher than in the same month last year. The November price rise was mainly due to optimistic expectations regarding future demand, amid stronger-than-expected manufacturing in China and higher U.S. consumer confidence. Rising prices for copper, which accounts for half of the country's total exports, continue to have a positive effect on trade, with exports expanding 11.3% year-on-year in October. However, exports remain well below pre-crisis levels. The 3-month sum in exports reached USD 17.5 billion in October, which is short of the USD 19.7 billion peak recorded in May 2008 but above the trough of USD 10.9 billion recorded in February 2099.
Copper prices increase in November
December 1, 2010
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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).