Brazil's national statistics agency (IBGE) has reported that in December last year industrial production in the largest Latin American country decreased by 3.5 percent compared to November and was down 2.3 percent from December 2012. In November last year, industrial output in Brazil had decreased by 0.2 percent month on month. Meanwhile, in December last year, Brazil's basic metal output decreased by 7.4 percent month on month and by 1.5 percent compared to December 2012.
Last year, Brazil's industrial production increased by 1.2 percent, while domestic basic metal output decreased by two percent, both on year-on-year basis.