The National Institute of Statistics (INE) reported on 2026-07-28 that Chile's industrial production fell 5.1% in July compared to July 2025. ^[1] The 1.5% contraction in July 2026 represents the largest economic decline since March 2023. ^[2] The Central Bank of Chile reported that economic activity contracted by 1.5% in July 2026 compared to July 2025. ^[3] The Central Bank of Chile reported that the economy contracted 1.7% in July, which was the largest monthly decline since 2022. ^[4] Chile's Ipsos Consumer Confidence Index fell 4.0 points in August to 38.1 units, the country's lowest reading since February 2023. ^[5] The Manufacturing Production Index (IPMan) declined 4.9% over twelve months, primarily due to a 25.9% year-on-year drop in the manufacture of coke and petroleum refining products. ^[6] The Mining Production Index (IPMin) decreased 7.2% year-on-year, driven by a 10.7% drop in metal mining activity. ^[7] The seasonally adjusted economic activity series decreased by 1.7% from June 2026 and by 2.1% over the last twelve months. ^[8] The decline in economic growth was primarily caused by a 9.3% contraction in the mining sector, with services and industry contributing smaller declines of -0.7% and unspecified amounts respectively. ^[9] The unseasonalized Imacec series decreased by 1.7% compared to the previous month and by 2.1% over the last 12 months. ^[10] Severe storms temporarily paralyzed some mining operations, contributing significantly to the economic contraction. ^[11] The 1.7% contraction exceeded the median forecast of -0.6% from economists surveyed by Bloomberg. ^[12]