Chile Industrial Output Declines in November

Chile’s industrial production fell 1.9% year-on-year in December 2025, following a 0.9% decline in November. It was the largest drop in industrial output since February, driven by a 4.8% fall in mining production, including a 9.3% decline in copper output. In contrast, manufacturing output rose slightly by 0.1%, supported by a 3.3% increase in food products, while utilities production increased 1.6%.

Chile’s industrial production fell 0.8% year-on-year in November 2025, following a 0.5% decline in October. Mining output dropped 1.3%, after a 0.8% contraction in the prior month, with copper production down 7.2% and metallic mining falling 4.3%. Manufacturing output declined 1.3%, worsening from a 0.6% drop in October, driven by a 17% fall in wood production and wood and cork products. In contrast, utilities output rose 2.4%, accelerating from 1.1% in the previous month, as electricity generation increased 2.2%.

Chile’s industrial production declined 0.4% year-on-year in October 2025, reversing the 1.5% growth recorded in September, as both mining and manufacturing sectors softened. Mining output fell 0.8% (compared with -1.8% in September), weighed down by metallic mining, which dropped 1.7% due to lower copper extraction and processing. Non-metallic mining, however, rose 4.7%, supported by higher lithium carbonate production. Manufacturing also contracted 0.4% (compared with 5.1% growth in September), with notable declines in paper and related products (-9.4%), alcoholic and non-alcoholic beverages (-8.7%), and machinery and equipment (-16.6%). Utilities output showed modest improvement, climbing 1.1% in October after a 1.0% gain in September.