Exports in Chile
Chile - ExportsA detailed release confirmed growth markedly decelerated in the first quarter. Fixed investment growth nearly halved while household spending softened, dragged by sluggish gains in employment and downbeat consumer confidence. As for the external sector, exports contracted for the first time in almost two years, as a slump in mining output in Q1—amid adverse weather in February—weighed on copper shipments. Moreover, recent data suggests that the economy remained stunted at Q2’s outset. Although economic activity strengthened slightly in April on a rebound in mining, manufacturing output contracted and merchandise export growth fell for a third consecutive month. Consumption also likely got off to a slow start in the second quarter: In April, retail sales recorded the sharpest fall in at least four years, while consumer sentiment fell to its lowest point in two years in May.
Chile - Exports Data
|Exports (USD billion)||76.8||75.1||62.0||60.7||69.2|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||3.48||-0.44 %||Jun 14|
|Exchange Rate||699.5||0.05 %||Jun 14|
|Stock Market||25,707||-0.67 %||Jun 14|
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June 7, 2019
Consumer prices rose 0.6% month-on-month in May (April: 0.3%), the fastest monthly increase in almost two years.
June 7, 2019
At its 7 June monetary policy meeting, the board of the Central Bank of Chile (BCCh) voted unanimously to cut the key policy rate by 50 basis points to 2.50%, marking the sharpest reduction in a decade, amid softer-than-expected inflation and lackluster growth in the first quarter.
June 6, 2019
The Adimark GfK consumer confidence index declined to 11.7 points in May, from 43.2 points in April, marking the lowest reading since May 2017.
June 5, 2019
In April, the IMACEC index gathered momentum for a second consecutive month, after February recorded the weakest expansion in almost two years.
June 4, 2019
The business confidence index (IMCE), published by ICARE and the Adolfo Ibáñez University, deteriorated for the fourth consecutive month in May, landing at 50.6 points (April: 52.1 points).