Rio de Janeiro – The Brazilian industrial park registered a drop of 11.8% in industry production in the first two months of 2016 in comparison to January and February of last year. Meanwhile, the annualized rate, the year-to-year indicator, closed February with a 9% decline, the sharpest drop since 9.4% was registered in November 2009.
The data is from the Monthly Survey of Industry – Physical Production (PIM-PF) and was released this Friday (1) by the Brazilian Institute of Geography and Statistics (IBGE). February was the main reason for the decline, since January had an increase.
*Translated by Sérgio Kakitani
