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

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