SANTIAGO – The index of industrial production in Chile fell by 8.3 percent last month compared with January 2015, dragged down by a 12.6 percent decline in mining, the National Institute of Statistics reported Monday.
Output of copper, Chile’s main product, reached 453,638 metric tons last, down 13.8 percent from January 2015, due in part to cutbacks in response to declining international prices for the red metal.
The average price for copper last month was $2.04 per pound, 3.6 percent less than December and 23.3 percent lower than January 2015.
Manufacturing activity dropped 4.6 percent from a year earlier, with nine of 13 categories in the indicator retreating.
Output in the utilities sector grew 0.3 percent last month compared with January 2015.