Weekly Report - 20 April 2017 (WR-17-15)

CHILE | Impact of Escondida strike. The latest figures for the monthly economic activity index (Imacec) released by Chile’s central bank (BCCh) showed a 1.3% decrease in economic activity in February 2017 compared with the same month a year ago, its worst performance since the 2009 financial crisis, largely due to the strike at Chile’s Escondida copper mine (which is majority controlled by Australia-based BHP Billiton), the world’s biggest mine. The same figures showed that the mining Imacec was down by 17% while the non mining Imacec was up by 0.2%.

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