Rio de Janeiro – Brazilian industrial output slid by 1.2% in November from October 2019. The decline stopped a three-month climb and cut off some of the 2.2% increase in the three months through last October. The figures are from the Monthly Industrial Survey made public this Thursday (9) by the Brazilian Institute of Geography and Statistics (IBGE).
As per the survey, industrial output slid by 1.7% year on year, 1.1% year to date through November 2019, and 1.3% in the 12 months through November. The three months through November saw a 0.1% decline.
From October to November, the four categories that saw the highest decline were: durable final goods (-2.4%), semi- and nondurable final goods (-0.5%), capital goods (-1.3%), and intermediate goods (-1.5%).
Sixteen out of the 26 industrial activities surveyed posted a decline in production, particularly foodstuffs (-0.3%), automobile vehicles (-4.4%), extractive industries (-1.7%), other chemical products (-1.5%), and machinery and equipment (-1.6%).
Translated by Guilherme Miranda
