Bloomberg News

Chilean Industrial Production Rose 3.2% in May, Sofofa Says

June 28, 2012

Chilean industrial production rose 3.2 percent and industrial sales rose 4.1 percent in May from a year earlier, manufacturers’ association Sofofa said.

Growth was led by the food, drinks and tobacco segment, which expanded 13 percent, Sofofa said in an e-mailed statement today.

Salmon exports drove the expansion in sales, the group said. Domestic sales data continue to indicate that Chile’s consumers are driving economic growth while the industrial sector contracts. Consumer goods sales rose 5.5 percent from a year earlier while sales of capital goods fell 30 percent.

The National Statistics Institute will tomorrow publish its manufacturing and industrial data for May. The median forecast of seven economists in a Bloomberg survey is that manufacturing growth eased to 1.2 percent from 2.6 percent in April.

May 2012 had one less working day this year than the same month in 2011, Sofofa said.

To contact the reporter on this story: Sebastian Boyd in Santiago at sboyd9@bloomberg.net.

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net.


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