Chile’s Economy Declines on Biggest Mining Plunge Since 2017

Chile’s economic activity unexpectedly fell for the second straight month in June as a plunge in mining offset gains across other sectors in one of Latin America’s richest nations.

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.