Latam Daily | Chilean trade balance revealed weakness in both domestic and external demand

Summary

Consumer Inflation in Chile rose to 0.2% MoM in May, matching expectations. Meanwhile, the Central Bank of Chile released the figure for the trade balance which reached a surplus of USD982mn last month. This was a much bigger drop than expected and missed consensus, mainly driven by a drop in copper exports (-16.4% YoY) and the recent Custom Office strikes.

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