FX.co ★ Chile Industrial Output Falls in April

Chile’s industrial production fell 4.7% year-on-year in April 2026, deepening from a 3.4% contraction in March. The downturn was driven primarily by the mining sector, where the mining production index declined 9.0%, reflecting a 12.6% slump in metallic mining. Copper extraction and processing dropped 13.8%, weighed down by an unfavorable base of comparison and lower ore grades at major producers. Manufacturing activity also weakened, with output contracting 2.5%, mainly due to a 7.7% decline in food production. By contrast, utilities output rose 0.9%, supported by a 2.3% increase in electricity generation. On a month-on-month basis, total industrial production slipped 0.2%.