Brazil's industrial output falls by two percent in September

Friday, 09 November 2018 17:47:13 (GMT+3)   |   Istanbul
       

Brazil's national statistics agency (IBGE) has reported that in September this year industrial production in the largest Latin American country decreased by 1.8 percent compared to August, recording the third negative rate in a row and was down by two percent from September 2017.

In the January-September period of this year, industrial production in Brazil was up by 1.9 percent on year-on-year basis.

According to the announcement, in September this year the production of intermediate goods manufacturers in Brazil fell by one percent, output of capital goods decreased by 1.3 percent, output of consumer goods was down by 1.5 percent, production of durable consumer goods declined by 5.5 percent and output of semi-durable and non-durable consumer goods fell by 0.7 percent, all compared to the previous month.

In September this year, Brazil's metal products output increased by nine percent and output of motor vehicles, trailers and bodies was up by 3.9 percent, all on year-on-year basis. In the January-September period of 2018, Brazil's machine and equipment output rose by 4.5 percent, metal products output moved up by 5.5 percent and output of motor vehicles, trailers and bodies increased by 16.5 percent, all compared to the same period of 2017.


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