Brazil's August Industrial Production Fell in August -- IBGE
By Paul Kiernan
RIO DE JANEIRO--Brazil's industrial production fell sharply in August after four months of growth, indicating a possible slowdown in the country's economic recovery.
Output from the country's factories, mines and oilfields fell 0.8% from July in seasonally adjusted terms, the Brazilian Institute of Geography and Statistics, or IBGE, said Tuesday. That was well below the median estimate for no change in a survey of economists by the local Agencia Estado newswire.
The contraction was due largely to a decline in output of oil derivatives, mining products and semi- or non-durable consumer goods. Production of durable goods was up sharply, and output of capital goods also rose.
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October 03, 2017 08:36 ET (12:36 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.