Brasília – Investment in Brazil was down 2.6% in October from September, as per the Gross Fixed Capital Formation index released by the Institute for Applied Economic Research (Ipea) this Thursday (8). In October from October 2015, the index was down 13.6%.
Ipea said the indicator’s primary components performed poorly in October. Apparent consumption of machinery and equipment edged down 1.5%. The civil construction industry indicator shrank for the fourth time in five months, by 3.9% over September. Year-on-year in October, both components plummeted, by 15.4% and 13.5% respectively.
Domestic production of capital goods dropped by 2.8% from September. That was partially compensated by capital goods imports. After dropping for three straight months, the imports indicator climbed by 6.3%, with exports increasing by 1.2% in October from September.
*Translated by Gabriel Pomerancblum
