Brazil's national statistic agency, the IBGE, announced Tuesday that industrial output in Brazil dropped 2.1 percent from March in April, the most since 2008.
April's drop also follows a 3.3 percent gain in the combined January-March period. Year-on-year, industrial output also fell 1.3 percent from April 2010. April's decline is largely due to a 5.4 percent decline in machinery output, as well as a 10.1 percent decline in white goods/appliance production over the month.