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:

You May Also Like

Brazil’s Azzar, Haidresser to Princesses

The Lebanese coiffeur Georges Azzar, who has worked for three years at one of ...

Brazil’s Newest Congress Scandal, the Bloodsuckers, Involves Ambulances

Brazil’s Federal investigators and the police have unveiled a new scam involving members of ...

How Ready Are Brazilians and Latin Americans to Deal with the Next Zombie Invasion?

The publication of Theories of International Politics and Zombies by Daniel Drezner, (1) a ...

Brazil’s Lula Called On to Soften Bush’s Heart on World Poverty

The United Nations seems to be failing to deliver on its  first Millennium Development ...

Onassis Heiress Weds Brazilian Equestrian Star

Greek billionaire Athina Roussel Onassis is to wed a Brazilian equestrian star today, in ...

Lula Wants the G20 to Put an End to the Currency War

The president of Brazil, Luiz Inácio Lula da Silva, said that the G-20 group ...

Brazil's stock market, Bovespa

Brazil’s Money and Stock Market Have Become the Planet’s Strongest

Martin Weiss, author of the investment newsletter Money and Markets. has just examined the ...

Brazil: How to Reduce Unemployment

To improve the unemployment rate in Brazil overnight, the Brazilian government should adopt the ...

Brazil Says Goodbye to Jece Valadão, the Man It Loved for Being a Rogue

Jece Valadão, the actor who, for decades, made a name in the Brazilian movies ...

Brazil Reinforces Presence in Haiti with 850 Troops

A force comprising 209 soldiers from various Army units in Northeast Brazil embarked for ...