The U.S. dollar extended its gain against other major currencies on Forex today as the investors expect higher April CPI figures from the report that will be released today at 12:30 GMT.
Wednesday, May 14, 2008
Wednesday, April 30, 2008
UPDATE: Chile March Industrial Output Falls 1.0% On Year
UPDATE: Chile March Industrial Output Falls 1.0% On Year
(Updates with additional data and an analyst's comments)
SANTIAGO (Dow Jones)--Chile's industrial output decreased 1.0% year-on-year in March, which compares with a 5.7% increase in February, Chile's government statistics agency INE reported Wednesday.
The March tumble was well below analysts' expectations of a 2.5% increase.
According to the INE, the drop was mostly due to the seasonal effect of the three-day Easter holiday weekend.
In 2007, industrial output rose 4.1% from the previous year.
Industrial sales fell 0.7% on the year in March, which compares with a 2.4% on-year increase in February, INE reported.
Among industrial sectors, capital goods output fell 12.3% on the year, compared with a 42.8% surge in February. Capital goods production is a key indicator for future growth.
Durable goods output tumbled 6.1% compared with a 25.1% increase in February.
On the year, intermediate goods output growth inched up 0.1%, versus a 3.7% on-the-year gain in February.
Consumer goods output slid 1.6% in March, down from 7.3% growth in February.
"The overall set of demand and supply side indicators was relatively weak but the March figures are beset by the significant distortion introduced by the impact of Easter week holidays," Goldman Sachs economist Alberto Ramos said in a comment.
He added that demand-side indicators were still relatively robust, in line with "vibrant investment spending," mostly in the mining and energy sectors, and strong private consumption.
Retail sales in March, meanwhile, jumped 4.2% on the year in real terms and 10.1% from the previous month, the INE reported. The gain was due, in part, to a 3.2% on-year increase in department store sales and a 5.2% gain in specialized store sales.
Supermarket sales for the month rose 4.4% on the year in real terms and 16.3% in nominal terms, the INE reported.
INE Web site: http://www.ine.cl
-By Carolina Pica, Dow Jones Newswires; 56-2-460-8544; carolina.pica@dowjones.com
(Patricia San Juan contributed to this report)
(END) Dow Jones Newswires
April 30, 2008 12:56 ET (16:56 GMT)
Copyright 2008 Dow Jones & Company, Inc.
(Updates with additional data and an analyst's comments)
SANTIAGO (Dow Jones)--Chile's industrial output decreased 1.0% year-on-year in March, which compares with a 5.7% increase in February, Chile's government statistics agency INE reported Wednesday.
The March tumble was well below analysts' expectations of a 2.5% increase.
According to the INE, the drop was mostly due to the seasonal effect of the three-day Easter holiday weekend.
In 2007, industrial output rose 4.1% from the previous year.
Industrial sales fell 0.7% on the year in March, which compares with a 2.4% on-year increase in February, INE reported.
Among industrial sectors, capital goods output fell 12.3% on the year, compared with a 42.8% surge in February. Capital goods production is a key indicator for future growth.
Durable goods output tumbled 6.1% compared with a 25.1% increase in February.
On the year, intermediate goods output growth inched up 0.1%, versus a 3.7% on-the-year gain in February.
Consumer goods output slid 1.6% in March, down from 7.3% growth in February.
"The overall set of demand and supply side indicators was relatively weak but the March figures are beset by the significant distortion introduced by the impact of Easter week holidays," Goldman Sachs economist Alberto Ramos said in a comment.
He added that demand-side indicators were still relatively robust, in line with "vibrant investment spending," mostly in the mining and energy sectors, and strong private consumption.
Retail sales in March, meanwhile, jumped 4.2% on the year in real terms and 10.1% from the previous month, the INE reported. The gain was due, in part, to a 3.2% on-year increase in department store sales and a 5.2% gain in specialized store sales.
Supermarket sales for the month rose 4.4% on the year in real terms and 16.3% in nominal terms, the INE reported.
INE Web site: http://www.ine.cl
-By Carolina Pica, Dow Jones Newswires; 56-2-460-8544; carolina.pica@dowjones.com
(Patricia San Juan contributed to this report)
(END) Dow Jones Newswires
April 30, 2008 12:56 ET (16:56 GMT)
Copyright 2008 Dow Jones & Company, Inc.
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