Despite Oil and Iron’s Good Showing Industrial Output Falls in Brazil

After three consecutive months of increases in production in the industrial sector, output in Brazil fell 1.3% in January, compared to December.

However, compared to January 2005, output is up 3.2%, reports the Brazilian government statistical bureau (Instituto Brasileiro de Geografia e Estatí­stica) (IBGE) in its monthly sector survey report.

In a note the IBGE says that the contradiction in the numbers indicates a downturn. In December 2005, the cumulative industrial growth rate for the previous twelve-month period was 3.1%. In January it dropped to 2.9%.

The IBGE January report for the industrial sector found decreases in production in 12 out of the 23 sectors surveyed. The biggest drop was in durable goods, down 5.7%. Capital goods were down 3.6%.

On the other hand, the petroleum and iron ore mining sectors turned in strong performances. They (the sector is called Extraction) were up 12.8%, compared to January 2005.

ABr

Tags:

Ads

You May Also Like

Brazil Tourism

Brazilian Tourism Breaks Four Records This Year, Including Foreign Funds

Brazil's tourism ended the first four months of 2007 with four record figures: the ...

Brazilian Leather Exports Grow Over 20% Reaching US$ 1.82 Billion

From January to October, Brazilian exports of leather amounted to US$ 1.82 billion, a ...

Brazil Opens Archives from Dictatorship Era

Brazilian President Luiz Inácio Lula da Silva signed a decree which will make federal ...

Brazil Gives Exporters a Break Offering Credit in Foreign Currencies

The Brazilian central bank will offer credit lines in foreign currencies as of next ...

Sports Blogger in Brazil Draws Police to His House After Disclosing Scandal

Guilherme Bueno, the deputy secretary of Brazil's São Paulo State Department for Public Security, ...

Brazilian Afternoon in Madrid

Brazil’s Planning Minister, Guido Mantega, will be the guest of honor of the Brazilian ...

While the World Burst Its Bubble, the Good Times for Brazil’s Real Estate Have Just Started

It’s been over 3 years since the majority of the developed world’s housing markets ...

Brazil’s PT Gets a Last Chance to Make It Right

“That the praise of the wicked is short, and the joy of the hypocrite ...

Brazil Getting from France Nuclear Submarine and Its Techonology

2021 is the year Brazil expects to have its first nuclear powered submarine. The ...

In Brazil Health Care Is Universal: 10% Like It, 61% Call It Bad or Terrible

Brazilians have a public health system called SUS (Unified Health System). It is a ...