MercoPress. South Atlantic News Agency

Fisheries most dynamic in Chile.

Fisheries was the most dynamic sector of the Chilean economy in 2001, which overall grew 2,8% according to the latest figures released by the Chilean Central Bank.

However industrial fisheries because of a drastic drop in catches during the first quarter, continued to decrease while fish farming more than compensated for the losses boosting the sector 12,2%.

The second most dynamic sector of the Chilean economy in a depressed region was Public Utilities, electricity, gas and water, with 7,3% particularly because of the abundant rainfall which helped recover a very depressed hydroelectric system. Transport and Communications came third with 5,9%, boosted by the expansion of cellular phones and a steady demand for local and international phone callas.

Air transport on the other hand was below average as a result of the September 11 terrorist attacks in United States.

Chilean Agriculture and Forestry also grew above average, 4,7% given favourable climatic conditions. Last year was very encouraging for wheat, as well as hog production and poultry.

Construction and Mines managed an acceptable 3,8%. Homes' building was steady while copper and iron production increased. However oil extraction continued to decline.

Manufacturing was negative, 0,3%, because of local weak demand, which dropped 0,7% in 2001 and significant inventories roll over from 2000.

Finally the Chilean Central Bank indicates that growth in 2001 was export led, particularly sales of fresh fruit, forestry products and fisheries.

China, Korea and Taiwan particularly broke all records in paper and pulp purchases.