Exports in Chile
Chile - ExportsMonthly economic activity data suggests the economy lost steam in Q1 in both year-on-year and sequential terms, as pandemic aid wound down, the impact of past pension withdrawals faded and higher inflation and interest rates dampened demand. Moreover, the mining sector was downbeat, with copper production contracting for the eighth straight month in March. Turning to Q2, a second successive quarter-on-quarter GDP contraction is expected, as surging inflation and interest rates eat into purchasing power. Moreover, downbeat business confidence in April suggests weak investment intentions. In April, Congress rejected two pension withdrawal proposals, one of which was presented by the government. This limits the risk of local capital markets becoming depleted, but also highlights President Boric’s weak parliamentary support, which will make future reforms difficult.
Chile - Exports Data
|Exports (USD billion)||62.0||60.7||68.8||75.2||69.9|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||3.14||-0.44 %||Dec 30|
|Exchange Rate||752.0||0.05 %||Jan 01|
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May 17, 2022
Activity softened markedly in the first quarter, with GDP expanding 7.2% year-on-year (Q4 2021: +12.0 yoy).
May 11, 2022
Copper prices were roughly unchanged in April, coming in at USD 10,174 per ton on average, compared to March’s USD 10,231 per ton.
May 6, 2022
Consumer prices increased 1.40% over the previous month in April, slowing down from March's 1.86% rise.
May 5, 2022
At its 5 May meeting, the board of the Central Bank of Chile (CBC) decided to hike the monetary policy rate by 125 basis points to 8.25%.
May 2, 2022
Business confidence was stable at 47.5 in April.