Brazilian industrial production had an increase in 0.6% in November. In the accumulated value from January to November 2005, industrial production grew by 3.1%.
According to the information on monthly industrial production, released by the Brazilian Institute of Geography and Statistics (IBGE), the annualized rate – accumulated in the twelve months that ended in November – was of 3.5%, against 4.1% in October.
The good performance of 15 out of the 23 branches researched had in the foodstuff industry (2.2%), machinery, electrical material and appliances (5.3%), rubber and plastic (2.9%) and toiletries, soaps and cleaning products (6.1%) the main contributions to the expansion in industrial production in November.
The main negative influences came from chemical products (-1.9%), electronic materials and communications equipment (-4.1%), oil refinery and alcohol production (-1.5%) and tobacco (-9.1%).
According to the IBGE, the figures for November 2005 show a discrete increase in the industry’s productive rhythm, which for two months has shown positive rates.
"Since these results do not recover the drop observed from August to September (-2.2%), the suave acceleration in the months of October and November didn’t reverse the declining path seen in the index," said the statement by the IBGE.
ABr
Show Comments (2)
Guest
Even worse !
bloomberg says : Jan. 11 (Bloomberg) —
Brazil’s November Industrial Output Rises 0.6 Percent From Year-Earlier.
Yessss….year on year not month on month !
Not discrete but pitty !
Guest
Booming…Lula will say !!!!
Great achievement. Probably the lowest performance, again, within all the developing countries.