Chile Imacec falls 1.0% on mining slump; police scandal adds political risk

Chile's monthly economic activity index (Imacec) contracted 1.0% year-on-year, dragged down by the mining sector, signaling a sharper slowdown than expected. Separately, four active Carabineros were detained in a car theft document forgery ring, and a Confech march ended with 35 detainees, adding to domestic political and institutional strain. The economic miss is the primary market-relevant signal, though the police scandal may weigh on institutional confidence.