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Thursday, August 28, 2008

Chile Industrial Output Still Rising Slowly

Chile's industrial production rose less than expected in July after shrinking in the two previous months. Output expanded 3.0 percent in July from the same month a year earlier, the National Statistics Institute said today in Santiago.

Industrial sales rose 2.1 percent in the same period, less than median estimate of seven analysts for a 4.1 percent rise. According to a separate release Chile's jobless rate was unchanged at 8.4 percent. The peso strengthened for a second day, rising 0.8 percent to 515.75 per dollar at 9:44 a.m. Santiago time.

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