Rio de Janeiro – The Brazilian industrial output grew 2.2% in October compared with September, according to data from the Monthly Industrial Survey disclosed today (2nd) by the Brazilian Institute for Geography and Statistics (IBGE). This is the tenth consecutive increase, and it reflects the performance of the country’s economy. In comparison with October last year, however, there was a 3.2% reduction.
Out of the 27 segments surveyed by the IBGE, 21 recorded growth from September to October. The performance was driven by the auto industry, which grew 11.2%. In comparison with the result for December last year, when the segment was under the impact of the crisis, vehicle production grew 107.1%.
The IBGE made an upward revision of industrial activity data for September, and increased growth from 0.8% to 1.8%. In the year-to-date period ended September, the output decreased 10.7%, and in the last 12-month period, there was reduction of 10.6%. The institute calls attention to the fact that the 12-month result has maintained its downward curve, but at a lower rate than in previous periods.
*Translated by Gabriel Pomerancblum