Tuesday, August 30, 2011

Chile: Economic headwinds

I'll leave the student protest stuff to other places, here let's just note that Chile has just published its July 2011 industrial production number today and at +0.7% YoY growth, it way sucks. Here's a chart that shows all the numbers from Jan 2009 to now (note how the big earthquake only really affected one month and then the YoY rebound)

Today's was a mile under the 4% or so people were expecting. Pres Piñera isn't just under the kosh from his protesting locals, as it seems "it's the economy, stupid" also applies to his admin from here. Reuters report in Spanish here, INE website data here.