Facebook Blogging

Edward Hugh has a lively and enjoyable Facebook community where he publishes frequent breaking news economics links and short updates. If you would like to receive these updates on a regular basis and join the debate please invite Edward as a friend by clicking the Facebook link at the top of the right sidebar.

Monday, July 7, 2008

Chile Economic Growth May 2008

Chile's principal economic activity index, the IMACEC, rose 2.1 percent in May compared with a year earlier, which was a marked slowdown after growth of 4.8 percent in April, according to data from the central bank yesterday. The IMACEC, a monthly index, measures more than 90 percent of the components which make up Chile's gross domestic product. GDP figures are issued quarterly. So it gives us some short term measure of the level of economic activity.




The pace of growth slowed from April, which followed a 0.3 percent contraction in March, the central bank said today. The annual economic growth rate fell to an average of 2.4 percent in the three months through May, from 6.5 percent in the same period a year earlier.


Chilean economists generally cut back their forecasts from over 3 percent after a June 30 government report showing a 2.4 percent contraction in industrial output in May. Similar results in June would leave the country on course for first-half growth of around 3 percent. Production seems in part to have slowed due to strikes, energy shortages and floods that destroyed crops and swept away road and rail access to Codelco's El Teniente copper mine.




June's activity data should be better than May's because heavy rain brought the drought that was causing a rise in the price of price power generated by hydro-electric dams to an end. Water-driven turbines provide as much as 70 percent of power in central and southern Chile. The electricity, gas and water industries probably didn't act as a drag on the economy in June, as they had in earlier months. The depreciation of the peso versus the U.S. dollar during June also helped exporters. The Peso declined 9 percent in June to hit a 10-month low of 527.89 per dollar on June 30.

2 comments:

dhd said...

Youth is not wow gold a time of life;world of warcraft gold it is a state of mind; cheap wow gold it is not a Maple Story Accounts matter of rosy cheeks, red lips and supple knees;mesos it is a matter of the will, a quality of the imagination,wow gold kaufen a vigor of the emotions; it is the freshness wow geld of the deep springs of life.maple story mesos Youth means a tempera-mental predominance of courage over timidity, of the appetite for adventure over the love of ease. This often exists in a man of 60 more than a boy of 20.wow gold farmen Nobody grows old merely by a number of years.maple story money We grow old by deserting our ideals.ms mesos Years may wrinkle the skin, but to give up enthusiasm wrinkles the soul. Worry, fear, self-distrust bows the heart and turns the spring back to dust. Whether 60 or 16, there is in every human being’wow powerleveling s heart the lure of wonder, the unfailing childlike appetite of what’s maple story money next and the joy of the game of living.powerlevel In the center of your heart and my heart there is a wireless station: so long as it receives messages maplestory powerleveling of beauty, hope, cheer,world of warcraft power leveling courage and power from men and from the Infinite

wow gold said...

The first wow gold thing for wow gold you to consider buy wow gold about the buy wow gold Druid class cheap wow gold is this: Is the cheap wow gold Druid class wow power leveling right for wow power leveling you? The power leveling Druid class power leveling is kind of wow gold unique in that buy wow gold it's not for cheap wow gold everyone. While world of warcraft gold master of none.