|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Chile

Economic Activity in Chile Beats Forecasts

SANTIAGO – Chile’s economic activity grew 2.6 percent in September compared with the same month last year, exceeding the consensus forecast of a 2.2 percent increase, the Central Bank said Thursday.

The major drivers of growth in September were services and manufacturing, the bank said.

Non-seasonally adjusted figures show economic activity increasing 1.1 percent between August and September.

The Monthly Index of Economic Activity tracks goods and services representing about 91 percent of gross domestic product, and the index is seen as a reliable predictor of GDP performance.

Chile’s economy is only gradually turning around after a deceleration that pulled growth down to an anemic 1.9 percent in 2014, the worst performance in five years.

In September, the Central Bank revised downward its forecast for growth this year, to a range of between 2 percent and 2.5 percent.

The economic activity reading for September is “good news,” Finance Minister Rodrigo Valdes said.

“It shows that the economy is adapting to these difficult external circumstances, that we face headwinds, but we have a ship that can navigate against these winds,” he told reporters.

The growth rate is “lower than what we would like to see, but it continues expanding,” Valdes said.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved