According to different economists, after confinement in the capital, activity could decrease by up to 20% in May. The suspension of the metropolitan region of Santiago represents almost 42% of the national activity, according to data from the Central Bank.
This season, less Chilean kiwi fruit have been shipped to to the US. According to Roland Berndt of Sierra Produce, the reasons for this are the crop from Chile is down 10% with smaller sizing and the market started later than usual.
The confinement measures announced by the Government imply that in this period there will be 778 paralyzed housing projects nationwide. The affected projects total 103,145 homes and directly employ just over 338,000 people. Furthermore, the halting of these projects implies a total cost of $47.6 million per week, considering both Santiago and regions.
According to Mowi CEO Ivan Vindheim, Chile has lost the US Market since the shutdown in addition to the HORECA segment (hospitality sector). Chile also does not have processing capability, and as a result has had to put the fish on frozen stock.
According to the latest report published by the National Petroleum Company (Enap), 93 and 97 octane benzenes as well as diesel will drop CH$6 per litre. Meanwhile, liquefied gas for vehicular use will decrease CH$5 per litre. Petrol will drop for the tenth consecutive week, as a result of the lower demand due to COVID-19.
The IPSA, the main index of the Chilean stock market and which groups the 30 most relevant stocks, closed the session with a fall of 3.48%. As a result, the roles of retail, Latam and construction ended with the biggest decrease. The following shares fell: Ripley's by 9.30%, Falabella by 6.05%, Parque Arauco by 4.66%, Cencosud by 3.26%, Mall Plaza by 4.99% and Latam's by 5.08%. Only 2 shares were saved from the red numbers: CMPC (0.66%) and Enel Chile (1.48%).