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Chile Industrial Output and Unemployment

Source: http://chileeconomy.blogspot.com/2007/12/chile-industrial-output-and.html
Posted on Friday, December 28th, 2007 | In Chile, Market Commentary
Contributed by: Edward Hugh (http://globaleconomydoesmatter.blogspot.com) -

Chilean industrial production rose less than economists had expected in November as diminished natural gas supplies curtailed petrochemical output. Industrial production rose 4.2 percent last month from a year earlier after rising 5 percent in October, the National Statistics Institute said today.

Chilean companies this year have had to cope with natural gas shortages stemming from neighboring Argentina’s decision to cut shipments to ensure its own domestic supply amid cold weather in the Southern Hemisphere. Argentina supplies almost all of Chile’s natural gas.

Gas restrictions led to a 15.9 percent plunge in methanol output from last November. Production was led by a 33.6 percent increase in pulp output due to the opening of new plants and a 13.1 percent increase in cement output to meet domestic demand.

The unemployment rate was 7.3 percent in November while industrial sales rose 2.7 percent during the month, the statistics institute also said.

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About Edward Hugh (http://globaleconomydoesmatter.blogspot.com)
Edward Hugh is a macro economist, who specializes in growth and productivity theory, demographic processes and their impact on macro performance, and the underlying dynamics of migration flows.

Hugh is a founding member and regular contributor to a number of economics weblogs, including Global Economy Matters, Demography Matters and a number of others.

Edward 'the bonobo' Hugh is a Catalan economist of British extraction based in Barcelona. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again". He is currently working on a book with the provisional working title "Population, the Ultimate Non-renewable Resource".

Edward also writes regularly for the demography blog Demography Matters. He also contributes to the Indian Economy blog . His personal weblog is Bonobo Land . Edward's website can be found at EdwardHugh.net.

Edward follows in detail the Indian, Italian, Spanish, German and Japanese economies. He also has a more than a passing interest in the economies of Turkey and Brazil and in the emerging economies of Eastern Europe.

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