*Chile’s national statistics institute (INE) has released the latest figures for its index of industrial production (IPI), which show that the rate of industrial production has decreased by 1.7% year-on-year in June, as a result of negative trends in two of the three industries which are considered in the index. Manufacturing represented the most significant decrease, falling by 3.9% in comparison to June 2022, and the production of electricity, gas, and water fell by 0.8%, with electricity representing the largest decrease. By contrast, mining production increased by 0.6%, as a result of greater activity recorded in two of the three types of mining that make up the index, with metallic mining being the most significant contributor, which INE attributed to the increase in the extraction and processing of copper.
Back
LatinNews Daily - 01 September 2023
In brief: Chile reports decrease in industrial production
- COLOMBIA: Gov’t in exploratory talks with EMC
- In brief: Colombia’s unemployment edges up
- BRAZIL: Lula’s former security chief testifies before congress
- In brief: Brazil’s gov’t submits 2024 budget proposal to congress
- GUATEMALA: Semilla’s suspension draws growing condemnation
- In brief: China and Nicaragua sign FTA
- MEXICO: Backlash over flight cuts at CDMX airport
- In brief: Unemployment in Mexico rises in July
- ARGENTINA: Bullrich unveils pick for economy minister
- In brief: Chile reports decrease in industrial production