Brazil industrial output declines on weaker iron ore output post-Brumadinho

Wednesday, 05 February 2020 22:37:08 (GMT+3)   |   Sao Paulo

Brazilian industrial production in December declined 0.7 percent, month-on-month, the second consecutive decrease on a month-on-month basis, Brazilian statistics institute (IBGE) said this week.

As for the full year of 2019, Brazilian industrial output fell 1.1 percent, year-on-year, following two years of growth in 2017 and 2018. The intermediate goods category posted a 2.2 percent year-on-year decline in 2019.

IBGE said it was mainly due to a 9.7 percent decline in 2019, year-on-year, of industrial production at the local extractive industries segment, as a result of the effects of the Brumadinho dam burst.

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