Pursuits
Chilean Retail Sales Jump 7.9% on Early Onset of Winter
- Early arrival of cold weather boosts sales, economist says
- Manufacturing fell 1.2% in April, industrial output slid 3.4%
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Chilean retail sales rose at the fastest pace in two-and-a-half years in April as early rains and cold weather encouraged consumers to shop for winter clothes earlier than last year.
Sales leaped 7.9 percent from the year earlier, the national statistics agency said on its website Monday, compared with the 4.5 percent median forecast of 13 analysts surveyed by Bloomberg. Manufacturing fell 1.2 percent over the same period, while industrial output declined 3.4 percent.