Copper Production on the Rise
In March 2024, the copper production in Chile increased to 437.80 thousand tonscompared to the 420.20 thousand tons in February 2024. This increase reflects an important boost in the copper industry, a vital resource for the Chilean economy.
Moderate Growth in Industrial Production
The industrial production in Chile also experienced a increase of 0.7% year-on-year in March 2024, although it was considerably lower than the upwardly revised increase of 9.1% the previous month. This growth, although moderate, is significant for the country’s economic outlook.
Increase in Retail Sales
As for the retail sales in Chilea 0.20% increase in March 2024 compared to the previous month. This increase reflects healthy business activity in the country, suggesting an increase in domestic demand and consumption.
Decline in Manufacturing Production
It is important to highlight that, although the manufacturing production in Chile decreased by 2.1% year-on-year in March 2024reversing a previous increase, the general trend shows an improvement in the country’s industrial production.
These data indicate a dynamic economic scenario in Chile during March 2024, with an increase in copper production and retail sales, although with some volatility in manufacturing production.
Copper Chart (H1)
Source: xStation 5
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