Chile’s Economy Surges

Chile’s economy expanded 6.3 percent year-on-year in April, its fastest pace this year, as manufacturers boosted production to meet a jump in orders. Business for manufacturers and retailers strengthened and employment rose, while trade also grew following a surge in demand for copper, Chile’s top export. Prices for the metal rose to their highest level in 16 years in April and have kept rising this month. Chile, the world’s biggest copper exporter, accounts for about a third of world production of the metal.