Chile industry output seen up 5-6 pct in 2010-group

SANTIAGO, Feb 2 (BestGrowthStock) – Chile’s top industrial
association said on Tuesday it expects industrial output to
rebound with 5 to 6 percent growth in 2010 after plummeting 8.8
percent last year as the global crisis hit exports.

The group, Sofofa, said industrial output rose 1.1 percent
in December, in stark contrast with government data that showed
a surprise fall in the same month.

Sofofa uses a different methodology from the government to
calculate industrial output, but the reason for the disparity
between the two readings was not immediately clear.

Industrial output fell 0.3 percent in December, according
to government data reported last month, surprising a market
that expected a positive figure and underlining views of a more
gradual economic recovery for the world’ top copper producer.

Sofofa said industrial output fell 8.8 percent in 2009 from
the previous year, the biggest decline since 1982. The group
added that industrial sales rose 1.2 percent in December, but
fell 6.7 percent in all of 2009.

“The year (2009) was marked by the effects of the
international crisis. Industry was the most affected sector in
the economy due to its exposure to international trade,” Sofofa
said in a statement.

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(Reporting by Rodrigo Martinez; Writing by Aaron Nelsen.
Editing by Alonso Soto and Andrea Ricci)

Chile industry output seen up 5-6 pct in 2010-group