Chile Industrial Production Slows

Chile’s industrial production fell unexpectedly in September, down 2.6% year on year, according to the national statistics institute (INE). This is the largest decline since January 2003 and, even allowing for two fewer working days versus last year, the drop was 2.1%. Industrial sales were also down in September, by 2.7% year on year. Industrial output for the year through September was 3.4%, the Institute said.