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Noticias de trading
24 Apr 2015
Key data releases in Chile next week – Scotiabank
FXStreet (Edinburgh) - Strategists at Scotiabank noted the significant releases in the Chilean economy in the upcoming week.
Key Quotes
“Next week, we are expecting to get 4 important data releases: 1) Manufacturing activity is expected to rebound to +0.5% y/y, from –0.1%y/y, 2) Retail sales are expected to soften to +2.4% y/y, from +2.9% y/y, 3) Copper production, and 4) unemployment: which is expected to rise from 6.1% to 6.3%”.
“Our sense is that recent data points towards a stabilizing economy, but one that will settle at a lower growth rate due to fading terms of trade”.
“In our view, the most important part of the data to look at is how domestic demand is going to hold up, and hence we are most interested in retail sales and unemployment”.
Key Quotes
“Next week, we are expecting to get 4 important data releases: 1) Manufacturing activity is expected to rebound to +0.5% y/y, from –0.1%y/y, 2) Retail sales are expected to soften to +2.4% y/y, from +2.9% y/y, 3) Copper production, and 4) unemployment: which is expected to rise from 6.1% to 6.3%”.
“Our sense is that recent data points towards a stabilizing economy, but one that will settle at a lower growth rate due to fading terms of trade”.
“In our view, the most important part of the data to look at is how domestic demand is going to hold up, and hence we are most interested in retail sales and unemployment”.