Consumer price inflation in Argentina was 15.8% y-o-y in April, down from 16.5% in March. On a monthly comparison, inflation increased 1.1% in April over the previous month. The consumer confidence index improved in May to 55 from 53 a month earlier. The country’s export value declined 19.2% y-o-y in April, after falling 4.1% in March. The central bank’s foreign reserves increased from $31.5 billion in March to $33.9 billion in April.
Chile’s GDP increased in the 1Q15 faster than in the previous two quarters, registering 2.4% y-o-y growth. The improvement in private consumption largely supported GDP, increasing 1.6% y-o-y over the same period, compared to less than 1% rise in 4Q14. GFCF declined 1.7% y-o-y in 1Q15, from a growth of 0.5% in 4Q14.