Chilean industrial production booming; unemployment steady at 7.3%

Monday, May 9th 2011 - 06:46 UTC

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Industrial production in Chile increased at the fastest ever pace in the 12-month period ended March, data released by the National Institute of Statistics revealed. Industrial output climbed a record 30.9% in the year ended March, marking the biggest growth in the history of the indicator. In February, output rose 1.9%. Read full article

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ManRod
February 2010 was the big eartquake, the low March production was the result of strongly paralized industry = Low basis of comparison. This info should have been added into the article.

These figures are amazing, but should always been set in correlation to the situation.
May 09th, 2011 - 11:36 am - Link - Report abuse 0
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GeoffWard
“Economists had expected 23% growth for March. The jump in industrial output was partly due to a low basis of comparison. ”

Ah! At last Mercopress has included the commonly missing words from one of its 'Simple Percentage articles'.
May 09th, 2011 - 01:03 pm - Link - Report abuse 0
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