In September, industrial production in Brazil, the biggest economy in Latin America, increased by 0.8 percent compared to August, marking the ninth consecutive positive month-on-month result, according to the Brazilian Institute of Geography and Statistics. In the nine months up to and including September, accumulated growth of the country's industrial production amounted to 14.6 percent.
Meanwhile, Brazil's industrial production in September decreased 7.8 percent year on year, while in the January-September period of this year industrial production declined 11.6 percent compared to the corresponding period of the previous year.
In September, the industrial output of the machinery and equipment sector in Brazil increased by 5.8 percent, automotive industry output was up 3.5 percent, and, finally, the output of the mining and quarrying industry was up 1.6 percent, all compared to August.
In the third quarter of 2009, seasonally-adjusted industrial production decreased by 8.3 percent year on year. However, during the given period an increase of 4.1 percent was recorded over the second quarter of the current year.
Analysts consider that the Lula government has succeeded well in managing the economy during the crisis period and that the country quickly overcame the negative effects of the economic downturn, posting positive quarter-on-quarter growth in its GDP in the second quarter and also job increases.