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Production, Retail Sales Data Scheduled

CHILE
  • The Chilean government will announce in the coming days measures that will seek to make the prices of liquefied petroleum gas more accessible, Finance Minister Mario Marcel said in an interview with Radio Futuro.
    • They will also include measures to increase competition in the LPG market. (BBG)
  • Chile Economy, Politics to Suffer ‘Stagflation,’ Credicorp Says (BBG)
  • Credicorp expects to see “stagflation” in politics and in macro indicators, namely “high prices, high expectations, poor growth, poor delivery,”
    • Chile’s government will try to push its reform agenda to meet expectations and reduce discontent but will be forced to negotiate with Congress, where it doesn’t have a majority
    • Uncertainty related to the new constitution to persist until September
  • Data today due at 1400BST/0900ET:
    • March Manufacturing Production YoY, est. -3.0%, prior -2.2%
    • March Industrial Production YoY, est. -3.9%, prior -3.0%
    • March Copper Production Total, prior 399,817
    • March Commercial Activity YoY, prior 4.8%
    • March Retail Sales YoY, est. 11.0%, prior 11.1%

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