New Signs of Brazilian Industry’s Contraction

Industrial production in Brazil dropped 2% in September, compared with August. In comparison with September, 2004, there was growth, but of only 0.2%, the smallest since September, 2003.

These data come from the Monthly Industrial Survey released Wednesday, November 9, by the Brazilian Institute of Geography and Statistics (IBGE).

Between January and September, the industrial sector grew 3.8%, while the reading for the 12 preceding months shows a deceleration in relation to August, from 5.1% to 4.4%.

The index for the third quarter of 2005 was 1.5% higher than for the third quarter of 2004 but 0.7% lower than for the second quarter of this year (April-June).

For the manager of the survey in the IBGE, Isabella Nunes, September’s results reinforce the signs of deceleration in the pace of industrial activity.

The 2% drop in production compared with August, according to Nunes, "had been anticipated, since sales exhibited negative rates during the past three months, especially of automobiles, home appliances, and electro-electronic products, which make up the durable consumer goods segment."




You May Also Like

Past Political Scandal Brazil’s Banco Rural Is Reevaluated by Fitch

Fitch Ratings has removed from Rating Watch Negative and affirmed the long and short-term ...

Brazilian Stocks Keep on Tumbling for Third Day

Latin American and, in particular, Brazilian stocks struggled to get out of the red ...

Brazilian Opposition Gets Moral Boost from Chile’s Presidential Election

Conservative businessman, Sebastian Piñera’s victory in Chile as president against a candidate supported by ...

Hundreds of Evicted Brazilian Indians Have Nowhere to Go

Junei Marques, the mayor of the town of Antônio João, in the state of ...

The Main Dishes

Sitting on the Turkish bed the traveler unbuttoned his shirt, loosened the belt, looked ...

Decision of Brazil’s Central Bank Chief to Stay Gives the Real a Boost

The real, the Brazilian currency, rose to a three-week high as central bank President ...

Brazil’s Per Capita Income Tumbles from 41% to 28% of First World’s Take

Brazil has made great advances in growth and productivity performance and stability but macroeconomic ...

IMF Sees Brazil’s GDP Shrinking 1.3% This Year and Growing 2.5% in 2010

According to the latest estimates from the International Monetary Fund, the Latin American economy ...