Skip to content Chile Industrial Output – December-29-2023
Reuters – In November 2023, Chile’s industrial sector experienced a notable upswing. The industrial production ascended by 2.7% compared to the same month in the previous year. This marks an acceleration from a revised 2.2% increase noted in October, signaling a strengthening industrial sector.
Sectoral Dynamics in Chile Industrial Output
The recovery was particularly pronounced in mining & quarrying, which rebounded significantly with a 1.8% growth, a sharp contrast to the 4.2% decline in October. However, the manufacturing sector’s growth pace moderated, increasing by 4.5% compared to the substantial 9.4% growth previously. In contrast, sectors like electricity, gas, steam, and air conditioning supply saw a slight decline, dropping by 0.1% versus a 0.8% rise in the prior month.
Monthly Chile Industrial Output: Consistent Yet Varied
On a seasonally adjusted monthly basis, Chile’s industrial output in November remained stable, following a revised decrease of 1% in October. This steadiness reflects the balancing forces within the industrial sector, where growth in some areas offsets declines in others.
The November 2023 performance of Chile’s industrial output highlights the diverse influences within the sector. While some areas like mining showed robust growth, others experienced a slowdown, collectively contributing to the overall health of Chile’s industrial economy. These trends not only indicate the current state of Chile’s industrial sector but also shed light on potential future trajectories.
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