Spain's economy grew by 0.9% in the second quarter thanks to improved exports and household spending. The growth figure, a first estimate from the National Statistics Institute (INE), suggests the country's economy has finally grown back to the size it was before the credit crunch of 2008.
Consumer prices in Uruguay rose 0.68% in March, the government said in a statement on Wednesday, bringing the country's 12-month inflation rate to 6.81%. It was the first time since December 2010 that Uruguayan inflation was within the country's 3% to 7% target range.
Unemployment in Uruguay in October fell to 7.1% and marked the lowest monthly record of the year, according to data published on Tuesday by the National Statistics Institute (INE). In September this index was at 8.4% and a year ago, in October 2015, at 8.5%.
Inflation in Uruguay during the first eleven months of 2015 was double digit, 10.04%, a figure which if confirmed by the end of the year, could trigger a rash of labor review demands from unions. According to the country's stats office INE, in November retail prices climbed 0.43%, and in the last twelve months reached 9.46%, ahead of October's 9.15%.
Magallanes region in the extreme south of Chile suffered an abrupt and unexpected drop in economic activity during the second quarter of this year according to the latest release from the country's stats office, INE.
Uruguay's inflation climbed 1.21% during July and reached 6.91% in the first seven months of the year and 9.02% in the last twelve months, according to the release from the country's stats office, INE. In July 2014 inflation was 0.75%.
Unemployment in Magallanes Region, extreme south of Chile climbed to 4.4% in the February-April period, which represents an increase of 2.3 percentage points over the same period a year ago, according to the latest release from the INE stats office.
Magallanes Region in the extreme south of Chile had a 3.2% unemployment rate in the third quarter of the year, according to the latest Chilean Stats Office, INE, report. This is the second lowest in the country, behind Aysén Region and marks a slight drop compared to the immediate previous quarter June/July/August, 3,3%.
Magallanes region in the extreme south of Chile, was the most dynamic of the country's economy during the third quarter of the year according to the latest release from the local stats office, INE. This contrasts with the rest of the fourteen regions of the country of which six, reported negative growth.
Inflation in Uruguay remains hard to break having reached 6.17% in the first seven months of the year, the highest since 2007 (6.38%) and over 9% in the last twelve months well ahead of the government's target of 3% to 7%, according to the latest figures from the stats office, INE.