The Central Bank of Chile reported that the economy contracted by 1.5 percent in July 2026 compared to June 2025, according to the IMACEC index, the main indicator of economic activity in the country.
The decrease mainly reflects a 9.3 percent reduction in Chile's GDP. Mining, mainly copper, is a sector that accounts for a significant share of the country's economy.
The production of goods decreased by 3.2 percent, the manufacturing industry decreased by 3.1 percent, while trade activity increased by 0.7 percent, and the service sector decreased by 0.7 percent.
On a monthly basis, the IMACEC index decreased by 1.7 percent in July compared to June.
On the same comparative basis, all indicators were negative: production of goods increased by 0.7 percent, mining by 9.4 percent, manufacturing by 0.7 percent, trading by 1.4 percent and services by 1.1 percent.
The monthly IMACEC Economic Activity Index tracks changes in Chile's gross domestic product (GDP). It is published on the first business day of each month with a delay of about 31 days.
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