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CHILE: October Retail Sales, IP, Copper Production, Unemployment Due at 1200GMT

CHILE
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  • Activity data for October will be published at 1200GMT(0700ET), including retail sales, industrial production, copper production and the unemployment rate. While retail sales growth is expected to moderate to 3.0% y/y, from 3.9%, industrial production growth is seen rebounding to 2.5% y/y, from -0.3%, helped by a 3.0% y/y increase in manufacturing output. Meanwhile, analysts expect the unemployment rate to dip to 8.6% in the three months through October, from 8.7% previously.
    • Oct. Retail Sales YoY, est. 3.0%, prior 3.9%
    • Oct. Industrial Production YoY, est. 2.5%, prior -0.3%
    • Oct. Chile Copper Production Total, prior 478,035
    • Oct. Unemployment Rate, est. 8.6%, prior 8.7%
  • Separately, Codelco is reported to have reached a collective bargaining agreement with the Union of Professionals and Administrative Workers, according to a press release. The agreement was approved by 89% of the votes cast and is valid for 36 months from December 1, 2024, according to Bloomberg.
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  • Activity data for October will be published at 1200GMT(0700ET), including retail sales, industrial production, copper production and the unemployment rate. While retail sales growth is expected to moderate to 3.0% y/y, from 3.9%, industrial production growth is seen rebounding to 2.5% y/y, from -0.3%, helped by a 3.0% y/y increase in manufacturing output. Meanwhile, analysts expect the unemployment rate to dip to 8.6% in the three months through October, from 8.7% previously.
    • Oct. Retail Sales YoY, est. 3.0%, prior 3.9%
    • Oct. Industrial Production YoY, est. 2.5%, prior -0.3%
    • Oct. Chile Copper Production Total, prior 478,035
    • Oct. Unemployment Rate, est. 8.6%, prior 8.7%
  • Separately, Codelco is reported to have reached a collective bargaining agreement with the Union of Professionals and Administrative Workers, according to a press release. The agreement was approved by 89% of the votes cast and is valid for 36 months from December 1, 2024, according to Bloomberg.