Rio de Janeiro – Industrial production in Brazil was up 0.8% in August from July. Year-to-date, industry recovered itself from a 0.9% drop from May to July. The numbers are from the monthly industrial survey made public this Tuesday (1st) by the Brazilian Institute of Geography and Statistics (IBGE).
Despite the increment from July, industry saw decreases of 2.3% year-on-year and 1.7% year-to-date from a year ago and in the twelve months through August.
The increment in August from July was driven by an 1.4% hike in intermediate goods (industrialized inputs used in manufacturing).
Out of the 26 activities surveyed, only ten saw increases and supported the average industry growth, particularly extractive industries, which grew 6.6% in August from July. Hikes were also seen in oil product and biofuel industry (3.6%) and foodstuffs (2%).
Translated by Guilherme Miranda