Experts forecast industrial production to reach 4.1% for April

SANTIAGO.- According to estimates collected from more than a dozen analysts polled by Bloomberg, industrial production may have experienced a 4.1% expansion during April.

Barclays Capital offered the most generous prediction, opting for growth of 5.4%, followed by the 5.3% prediction made by 4Cast.

Goldman Sachs and the Association of Banks came in next, forecasting growth of 4.5%.

On the other side of the spectrum, the lowest predictions were proposed by RGE Monitor and Banchile Investments, with reported estimates of 1.5% and 1.8% respectively.

Industrial production registered a 1% drop in March of this year, which contained two workdays less than the same month during 2007.

Unemployment
Meanwhile, analysts are predicting that unemployment will reach 7.7% for April of this year. 

The National Statistics Institute (INE) will release the official industrial production and unemployment rates tomorrow.