logo
Chile's Economic Activity Unexpectedly Declines on Mining Plunge

Chile's Economic Activity Unexpectedly Declines on Mining Plunge

Bloomberg6 days ago
Chile's economic activity unexpectedly fell for the second straight month in June on a plunge in mining, as the central bank signals that it will gradually reduce its interest rate over coming quarters.
The Imacec index, a proxy for gross domestic product, declined 0.4% from May, compared to the 0.3% increase expected by economists in a Bloomberg survey. Activity gained 3.1% from the prior year, the central bank reported on Friday.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Live updates: Trump's tariffs expected to go into effect after midnight
Live updates: Trump's tariffs expected to go into effect after midnight

Associated Press

time29 minutes ago

  • Associated Press

Live updates: Trump's tariffs expected to go into effect after midnight

U.S. President Donald Trump's wide-ranging tariffs are expected to go into effect at 12:01 a.m. ET on Thursday, just as the economic fallout of his months of threatening them them is surfacing in visible damage to the economy. The import taxes will reach a level not seen in the U.S. in almost 100 years, with Americans expected to pay an average of 18.3% more for imported products. That's the highest rate since 1934, according to the Budget Lab at Yale, a nonpartisan policy research center. Companies are dealing with the tariffs in various ways. For example many automakers appear to be swallowing the costs for now. But most economists say the cost will ultimately be borne by U.S. consumers and businesses to some degree. Update: Date: 2025-08-07 03:03:32 Title: Ask AP reporters a question Content:

Japan's Public Workers Set to Get Largest Pay Hike in 34 Years
Japan's Public Workers Set to Get Largest Pay Hike in 34 Years

Bloomberg

time29 minutes ago

  • Bloomberg

Japan's Public Workers Set to Get Largest Pay Hike in 34 Years

Japan's civil servants are set to receive the biggest pay increase in 34 years, a move that could further reinforce the virtuous cycle of wage and price growth long sought by the Bank of Japan as a precondition for continuing monetary tightening. The National Personnel Authority recommended Thursday a 3.62% increase in average monthly base pay for public employees in the current fiscal year. This would mark the largest rise since 1991 and, when combined with an automatic bump that already kicked in, bring their total wage gain this year to 5.1%. The change will affect roughly 280,000 workers, according to a government official.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store