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  HOME | Chile

Chile’s Industrial Production Up by 1.6%

SANTIAGO – Chile’s industrial production increased 1.6 percent in June from the same month last year, the National Statistics Institute, or INE, reported Thursday.

“Overall there has been renewed dynamism in some sectors with major impact such as food and chemical industries, and copper,” INE said.

Mine output increased 1.4 percent from June 2014, mostly as a result of inter-annual growth of 2.9 percent in copper mining.

Manufacturing output grew 1.7 percent in June, with nine of 13 sectors showing inter-annual gains.

“This result reflects, mostly, the growth in the production of foods and beverages, with particular increase in the production of wines; and in the manufacturing of chemical substances and products due to the major contribution of therapeutic medications; and the production and elaboration of metal items,” INE said.

The utilities index increased 2.3 percent compared with June 2014.

Retail sales increased 4.1 percent in real terms compared with June 2014, thanks mainly to 2.9 percent real growth in the automotive sector.

The outlook for the construction industry is less sunny, with building permits down 20.6 percent in June from a year earlier.

 

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