Brazil's national statistics agency (IBGE) has reported that in August this year industrial production in the largest Latin American country increased by 0.7 percent compared to July, but was down 5.4 percent from August 2013. In July, industrial output in Brazil had also increased by 0.7 percent month on month. Meanwhile, in the first eight months of the current year, industrial production in Brazil fell 3.1percent year on year.
According to the report, in first eight months of this year the production of intermediate goods manufacturers in Brazil decreased by 2.6 percent, while output of capital goods declined by 8.8 percent, output of consumer goods shrank by 2.5 percent, production of durable consumer goods moved down by 10.3 percent and output of semi-durable and non-durable consumer goods remained stable, all compared to the previous month.
In August of the current year, Brazil's metal products output decreased by 12 percent, machine and equipment output declined by 6.6 percent, while output of motor vehicles and trailers moved down by 25.6 percent, all on year-on-year basis. As compared to July, Brazil's metal products output increased by 2.7 percent, while machine and equipment output increased by 3.9 percent and output of motor vehicles and trailers decreased by 1.5 percent.
Meanwhile, in the first eight months of this year, Brazil's metal products output decreased by 11 percent and machine and equipment output decreased by 5.6 percent, while motor vehicles and trailers output decreased by 18.8 percent, all on year-on-year basis.