Rio de Janeiro – Brazilian industrial output was down 0.6% in November 2012 from the preceding month, and down 1% from November 2011. From January to November, output was down 2.6% and output in the 12-month period ended November was down 2.5%.
The figures are in the Monthly Industrial Output survey, released this Friday (4th) by the Brazilian Institute for Geography and Statistics (IBGE).
To the IBGE survey coordinator André Macedo, the prevalently negative behaviour of the industry from October to November, as well as that of other indicators, shows that the year of 2012 was characterized by less dynamic activity.
“There is greater family indebtedness, a lesser share of their incomes is available, businessmen’s expectations are at a lower level than in previous years, the international scenario is more adverse, affecting the country’s exports, and also due to the presence of imported product on the local market,” Macedo justified.
Of the 27 sectors surveyed, 16 saw a decline in November from October, especially extraction industries (-6.7%) and motor vehicles (-2.8%). From January to November, 17 out of 27 sectors posted negative rates. Motor vehicle industry activity saw the sharpest decline, at 13.3%.
*Translated by Gabriel Pomerancblum
