Chile’s economic activity decreased 10.7% in July

Chile’s economic activity was down 10.7% in July from the same month a year ago, according to the Central Bank. This figure is an improvement on the 12.5% drop expected by the market. Economic activity rose 1.7% compared with the previous month, while the world’s top copper producer managed to keep its industrial engine on the road, with mining activity increasing by 1.4% from the same period the previous year. Non-mining economic activity fell by 12%.

Source: Reuters