Production - In November 2025, the industrial added value of large-scale industries grew by 4.8% year-on-year, a slight decrease of 0.1 percentage points from the previous month[1] - The mining industry recorded a growth of 6.3%, outperforming manufacturing at 4.6% and water, electricity, and gas at 4.3%, indicating ongoing reliance on traditional resource sectors[12] - The sales rate of industrial products fell to 96.5%, reflecting a misalignment between production expansion and end demand[13] Consumption - The total retail sales of consumer goods in November 2025 increased by 1.3% year-on-year, marking a decline of 1.6 percentage points from October, the lowest monthly growth since December 2022[2] - Service retail sales grew by 5.4% year-on-year from January to November, indicating a shift towards service-oriented consumption[16] - Online retail sales of physical goods increased by 5.7%, accounting for 25.9% of total retail sales, highlighting the impact of digital consumption trends[17] Investment - From January to November 2025, national fixed asset investment (excluding rural households) decreased by 2.6%, with a widening decline of 0.9 percentage points compared to the previous period[5] - Real estate investment saw a cumulative decline of 15.9%, with housing sales area and sales amount both decreasing by 7.8% and 11.1% respectively, continuing a negative growth trend for 43 months[25] - Manufacturing investment fell by 0.8 percentage points to 1.9%, with a monthly decline of 4.5%, reflecting ongoing challenges in the sector[24] Economic Outlook - The economic data for November indicates that insufficient effective demand remains the primary contradiction in the economy, opening up further space for policy support[27] - Future policies to boost domestic demand are expected to focus on enhancing employment, increasing residents' income, and improving social security[28]

Core Insights - Chile's Industrial Production Index (IPI) showed a modest increase of only 1% in July, marking the worst performance since February's decline of 3.7% [1] - Mining production decreased by 0.9%, while electricity, gas, and water production increased by 0.9%, and manufacturing rose by 2.7% [1] Trade Performance - Chile's trade growth remained strong, with a monthly increase of 6.5% in July and a cumulative growth of 4.9% from January to July [1] - Wholesale trade (excluding automobiles and motorcycles) grew by 7.6%, while retail trade (excluding automobiles) increased by 5.8% [1] - Automobile and motorcycle trade saw a growth of 4.9%, and the supermarket sales index (ISUP) rose by 2.8%, with a cumulative growth of 1.7% from January to July [1] - The retail e-commerce index (ICEM) experienced significant growth, with a monthly increase of 14.7% in July and a cumulative growth of 13.1% from January to July, driven mainly by transactions in home electronics and technology products [1]

Core Viewpoint - The local government is actively implementing measures to regulate and rectify arbitrary charges related to enterprises, aiming to create a fair and lawful business environment [3][5]. Group 1: Regulatory Actions - The municipal market supervision bureau has initiated a special action plan for 2025 to address arbitrary charges, focusing on six core tasks including enhancing supervision of government fees and regulating intermediary charges [3][4]. - Since the beginning of 2025, the bureau has inspected 308 enterprises regarding their charges, resulting in four cases being filed and three concluded, with a total economic sanction of 258,500 yuan, including refunds of 163,000 yuan and fines of 93,400 yuan [3][4]. Group 2: Legal Framework and Monitoring - A legal supervision system has been established to enhance the precision of regulatory actions, including the creation of 32 monitoring points for enterprise charges, facilitating direct legal supervision between the market regulation department and enterprises [4]. - The bureau is promoting a comprehensive monitoring system for enterprise charges, ensuring that the entire process from clue collection to resolution is conducted in accordance with the law [4]. Group 3: Public Awareness and Compliance - The market supervision bureau is combining legal education with policy guidance, issuing reminders to enterprises about compliance with pricing laws, and promoting a culture of legal awareness among business operators [5]. - Future efforts will focus on deepening the rectification of arbitrary charges while adhering to legal procedures and improving long-term regulatory mechanisms to optimize the business environment [5].