Chile: All quite on the inflation front

Chile: All quite on the inflation front

Nader Nazmi - Market Economics
Latam Macro Snapshot | 08 Mar 2013 13:37 |

Consumer prices rose only 0.1% m/m in February, less than the consensus 0.3% m/m call and our own 0.2% m/m projection. Annual inflation dropped to 1.3% y/y, sinking further below the 2% floor of BCCh's target band (Chart 1).

Unemployment rate falls to lowest level since 2008

AMERICA'S COMEBACK
Unemployment rate falls to lowest level since 2008
By Annalyn Kurtz @CNNMoney March 8, 2013: 12:33 PM ET

NEW YORK (CNNMoney)

Hiring picked up in February, helping to bring the unemployment rate down to its lowest level since December 2008.

The U.S. economy added 236,000 jobs in February, according to a Labor Department report released Friday. That's much stronger growth than in January, when employers hired a revised 119,000 workers.

http://money.cnn.com/2013/03/08/news/economy/february-jobs-report/index.html

Can Natural Gas Become the New Gasoline?

Can Natural Gas Become the New Gasoline?

Published: Friday, 8 Mar 2013 | 11:27 AM ET
By: Javier E. David
Special to CNBC.com

Natural gas is abundant, clean and far cheaper than diesel. That has the U.S. transportation and auto industries looking for ways to kick their dependence on dirtier fossil fuels.

http://www.cnbc.com/id/100537924

Analysis: Renewables turn utilities into dinosaurs of the energy world

Analysis: Renewables turn utilities into dinosaurs of the energy world

By Geert De Clercq
PARIS | Fri Mar 8, 2013 4:13am EST

(Reuters) - Every new solar panel installed on European rooftops chips away at power utilities' centralized production model. Unless they reinvent themselves soon, these giants risk becoming the dinosaurs of the energy market.

http://www.reuters.com/article/2013/03/08/us-utilities-threat-idUSBRE92709E20130308

Chile: Central Bank Governor Vergara flagged increased risks, due to faster-than-expected growth.

Chile
Central Bank Governor Vergara flagged increased risks, due to faster-than-expected growth.

Central Bank Governor Rodrigo Vergara said that domestic demand, driven by both strong consumer spending and large investments in the mining industry, has been the driver of Chile’s rapid growth. He noted that mining investments accounted for less than 15% of total investment in 2003, and now accounts for 25% of total investments. Mining output’s share of GDP is 15%, while copper accounts for 60.0% of exports.

US Gas Exports Will Shake Up Global Market

US Gas Exports Will Shake Up Global Market

Published: Thursday, 7 Mar 2013 | 6:32 AM ET
By: Patti Domm
CNBC Executive News Editor

Despite objections, the U.S. is heading down the road to export natural gas, and that could ultimately help shake up world energy markets.

http://www.cnbc.com/id/100530615

How the US Shale Gas Boom Could Derail China

How the US Shale Gas Boom Could Derail China

Published: Thursday, 7 Mar 2013 | 3:41 AM ET
By: Matt Clinch
News Assistant

With oil production at a twenty year high and predictions of a manufacturing renaissance for the U.S. economy, one of the world's largest investment banks has detailed how the "shale revolution" will negatively affect emerging markets such as China.

http://www.cnbc.com/id/100531212

Texas Oil Production May Hit Record by 2020, Regulator Says

Texas Oil Production May Hit Record by 2020, Regulator Says
By Edward Klump

Texas is poised to more than double daily oil production by 2020, surpassing a 1972 record with surging output from the Eagle Ford shale and Permian Basin, the state’s petroleum regulator said.

http://www.bloomberg.com/news/2013-03-06/texas-oil-production-may-hit-record-by-2020-regulator-says.html

WTI Oil Trades Near Two-Day Low as U.S. Crude Stockpiles Climb

WTI Oil Trades Near Two-Day Low as U.S. Crude Stockpiles Climb
By Ben Sharples

West Texas Intermediate oil traded near the lowest level in two days after U.S. crude stockpiles rose almost five times more than forecast. The Brent pipeline system remained shut a fifth day.

http://www.bloomberg.com/news/2013-03-06/wti-oil-trades-near-two-day-low-as-u-s-crude-stockpiles-climb.html

Chile: Growth was rapid in January

Daily Latam Spotlight - 6 March 2013

Chile: Growth was rapid in January

The monthly proxy for real GDP, Imacec, expanded 6.7% y/y in January. This is in line with our 6.8% y/y forecast and slightly above the median estimate from the Bloomberg survey of 6.5% y/y. Growth was rapid across the board. Mining activity expanded 8.4% y/y, manufacturing advanced 4.4% y/y and services rose 6.9% y/y. The three-month moving average of GDP growth was 5.6% y/y in January, the same as in the month before. In monthly terms, real output rose 0.1% m/m in January, and was 17.0%, saar above Q4.