New home sales in Santiago fell 48.4% in units and 47.1% in thousands of financial units (MUF), due to the COVID-19 pandemic in 2020, according to a GfK Adimark Real Estate Supply report. According to the study, this is the lowest figure in 20 years, comparable only to the impact of the Asian crisis.
Brazil’s largest Bitcoin exchange, Mercado Bitcoin, has announced plans to expand across Latin America. Chile, Mexico and Argentina are among the jurisdictions it will expand into first. Chile is the fifth-largest Latin American country by peer-to-peer Bitcoin trade volume. The strong P2P trade volume suggest there may be significant demand from local traders that is not met by centralized platforms.
S&P Dow Jones Indices and the Santiago Stock Exchange, announced the launch of a new indicator based on sustainability factors of local market share issuers. This is the "S&P IPSA ESG Tilte", a new family index that encompasses the ESG principles (environmental, social and governance) and includes some of the most relevant papers of the Chilean stock exchange, such as Copec, Falabella, Cencosud and SQM.
The National Consumer Service (Sernac) revealed that nearly 4 million people were compensated with more than CH$40 billion ($55.39 million) in 2020. According to Sernac, nearly CH$30 billion ($41.55 million) was obtained as a result of collective voluntary procedures that seek to achieve compensation without having to wait for long trials. On the other hand, the institution made three compromises in 2020, achieving the historic figure of more than CH$11.39 billion ($15.77 million) in compensation.
More than 2.1 million households applied for the COVID Emergency Family Income (IFE) and the COVID Bonus during January 8th-18th. According to the government, a total of 2,108,859 applications had been received, leading the Metropolitan Region with 1,001,102 applications, followed by Biobío (280,562); La Araucanía (164,255); Los Lagos (159,428); Los Ríos (82,646) and Valparaíso (79,266).
A new balance of the first and second withdrawals from the pension funds reveals that $32.709 billion has been paid out. With regard to the first 10%, a total of 10,500,414 affiliates opted to apply for part of their pension savings, of which 97.5% have already been paid out. As for the second withdrawal, there were 7,166,708 requests, of which 95.1% have already received the corresponding amount.
Consumer confidence fell by 12 points from a very pessimistic level to an extraordinarily pessimistic one, reaching 67 points, its lowest level since July. According to the Consumer Perception Index (Ipeco) developed by the Centro de Estudios de la Universidad del Desarrollo (UDD), what most influenced this result was the confidence in the future (expectation index), which registered a marked decline of 15.2 points.
The Trade Inventory Index (TIICOM) fell by 2.9% in November 2020, due to the contraction of the three divisions that make up the index, with wholesale trade (division 46) being the most affected, with -1.410 percentage points (pp.). Automobile trade (Division 45) and retail trade (Division 47) showed a monthly decline in inventories, with -1.247 pp. and -0.234 pp. respectively influencing the change in the index.
The Senate passed the bill to amend the Guarantee Fund for Small and Medium-sized Enterprises (Fogape). The legal text extends the current transitional extension -from 100,000 UF ($3.9 million) to 1,000,000 UF ($39.4 million)- to 31 December 2021, with respect to the maximum annual net sales, established as a requirement to allow entrepreneurs access to the Fund's guarantee.
A total of 48,468 companies have applied for 366,487 workers for the employment subsidy programme. 30% of these workers applied for the "return to work" subsidy, and 70% for the "new hires" subsidy. The programme aims to encourage new hiring and to allow suspended workers to return to their jobs. The programme has a budget of $2 billion to benefit 1.3 million workers.