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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ChileChile Copper Production YoY fell to -9.4% in July 2026
FMPMonthlyReleased August 2026
Chile Copper Production YoY fell to -9.4% in July 2026, released August 2026, down 14.5% from June's 5.1% reading. The reading missed the 3.2% consensus by 12.6%. The print is running well below the 12-month average of -5.95%. Over the past 3 months, Copper Production YoY averaged -3.9%, vs -9.2% in the prior 3-month window. The reading is in the 15th percentile of the trailing 24-month range.
Latest Release
-9.4
Actual
3.2
Consensus
5.1
Previous
Median Absolute Error
±7.4 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 7.5
Actual: -9.4
Error: +16.9
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▼ Inverse | −0.71 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.70 | CRYPTO | Moves against | → View |
| USD/JPY | ▲ Direct | +0.53 | FOREX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.36 | INDEX | Moves with | → View |
| GBP/USD | ▼ Inverse | −0.35 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Copper Production YoY (Chile) was reported at -9.4% in August 2026. This missed the market consensus of 3.2% by 12.6%. The reading fell from the previous value of 5.1%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged -6.55%, ranging from -13.8% to 5.1% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged -5.73%, up from the prior three at -7.2%. Volatility over the past year (σ 4.97%) is lower than the prior year (σ 6.63%). In August readings over the past 3 years, Copper Production YoY has averaged -2.37%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 7.4%.
WHAT TO WATCH NEXT
The next release is scheduled for September 30, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Copper Production YoY - CL
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About Copper Production YoY — Chile
DEFINITION
Copper Production YoY is a financial indicator that measures the year-over-year change in the amount of copper produced by a company or industry. It provides insight into the growth or decline of copper production, which can be a key factor in the overall performance and profitability of the company or industry. This indicator is commonly used by investors and analysts to assess the health and potential of the copper market.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual -9.4 %, consensus 3.2 %. Prior reading (Jun 2026): 5.1 %. Before that (May 2026): -12.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/USD (Bearish EUR, r=-0.71) — a useful reference for forex-focused traders.
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