Latin America's exports recorded a 13% drop in value in 2020, their worst record in more than a decade, due to the effects of COVID-19. According to the Economic Commission for Latin America and the Caribbean (ECLAC), imports fell by 20%. However, the contraction is less than the projected 23% at the beginning of August 2020.
Day: January 25, 2021
Transcritical CO2 installation results in large energy savings for Chilean food processor
A transcritical CO2 (R744) installation that went live last July for Comersur, a fresh and frozen food processing company in Santiago, Chile, has resulted in $194,000 a year in electrical energy savings. It is also is projected to save $20,000 in natural gas used for heating water.
Central Bank Survey of Financial Operators projects CPI to be 0.47% in January
According to the Central Bank's Survey of Financial Operators, traders expect the Central Bank to keep the MPR at its technical minimum (0.5%) for 24 months, then to raise it to 1.25% in January 2023. The Consumer Price Index is expected to be 0.47% in January, which is higher than the previous survey projection (0.3%). For February, the CPI is expected to stay at 0.3% and 0.4% in March.
Home Care Industry sales increased by 24.1% in the last five years
Sales of the home care industry increased in Chile by 24.1% in five years, according to data from Euromonitor International. In 2015 sales totalled $719.9 million, in 2020 they increased to $884.5 million. This growth is higher than that experienced by sales in Colombia and Peru during the same period, 7.7% and 13.2%, respectively.
Sernac received 401% more e-commerce complaints in 2020
Sernac received 283,615 complaints in 2020 for problems related to e-commerce, which represented an increase of 401% compared to 56,566 cases in 2019. 129,479 claims, equivalent to 45.62%, were attributed to delays in delivery.
