Brazil’s Industry Output Grows Meager 0.1% After 4 Months of Decline

Brazilian industrial output rose 0.1% in October, interrupting four consecutive months of decreases, reports the Monthly Industrial Survey (Pesquisa Industrial Mensal) which is conducted by the government statistical bureau (Instituto Brasileiro de Geografia e EstatÀ­stica) (IBGE).

For the twelve-month period ending in June, industrial output was up 6.7%; however, for the twelve-month period ending in October, it had fallen to an increase of 4.1%.

According to the IBGE that is evidence that there definitely has been an economic slowdown underway and the small increase in October cannot be seen as a turning point – yet.

October output rose in 13 of the 23 economic segments surveyed by the IBGE. There were increases in machinery and electrical equipment, petroleum refining and ethanol production. And decreases in electronics and communications equipment, and textiles.

ABr

Tags:

Ads

You May Also Like

Brazil’s Purchase of Canadian Co. Creates World’s Third Largest Mining Firm

Brazil’s mining giant Companhia Vale do Rio Doce (CVRD) announces that it intends to ...

Trade Union Leaders Seek Brazil Lula’s Backing at the G8 Summit

The president of Brazil, Luiz Inácio Lula da Silva met with representatives of the ...

Brazil’s State Firm Embrapa Creates 14 Transgenic Species. Seeds Are for Sale.

In a special program, "Soybeans – A Big Business," broadcast on Friday, January 20, ...

Brazil Hosts Meeting of Mercosur Ministers to Address Global Crisis

The highest political body of the South American customs union, the CNC (Mercosur Council) ...

Brazilian Federal Police Report Urges Indictment of Lula’s Former Minister

A Brazilian Federal Police report strongly recommends a former minister and close advisor of ...

Brasília’s Legislature Next Improbable Task: Punishing Governor and Self

Brazilian capital Brasília’s legislature will get back to work on Monday, January 11, after ...

Spain Works Out Details to Convert Brazil’s Debt into Education Investment

The conversion of part of Brazil’s foreign debt into investments in education was one ...

Brazil’s Forest Reserve Gets International Seal of Approval

For the first time a Brazilian forest reserve has received certification from the Forest ...

My 20 Years as a Brazilian Gringo

I’ve become much less American and much more Brazilian. Take my anti-U.S. imperialist sentiments, ...

Drought, Frost and Old Fields Cut Brazil’s Sugarcane Harvest by 6%

Brazil’s sugarcane grower association União da Indústria da Cana-de-Açúcar (Única) has lowered its estimate ...