Brazil's national statistics agency (IBGE) has reported that in May this year industrial production in the largest Latin American country decreased by 10.9 percent compared to April, showing the steepest drop since December 2008 and was down 6.6 percent from May 2017.
In the January-May period of this year, industrial production in Brazil was up by two percent on year-on-year basis.
According to the announcement, in May this year the production of intermediate goods manufacturers in Brazil fell by 5.2 percent, output of capital goods decreased by 18.3 percent, output of consumer goods was down by 15.4 percent, production of durable consumer goods dropped by 27.4 percent and output of semi-durable and non-durable consumer goods declined by 12.2 percent, all compared to the previous month.
In May this year, Brazil's metal products output decreased by 9.2 percent and output of motor vehicles, trailers and bodies moved down by 12.8 percent, all on year-on-year basis. In the January-May period of 2018, Brazil's machine and equipment output rose by 4.6 percent, metal products output moved up by 6.3 percent and output of motor vehicles, trailers and bodies increased by 16.4 percent, all compared to the same period of 2017.