Industrial output in Brazil dipped in November after slight gains in the previous month, underscoring the uneven growth in Latin America's largest economy. Industrial production in Brazil slipped 0.1 percent in November from October, the government's statistics agency IBGE said on Wednesday.
Production had been expected to rise 0.2 percent, according to the median estimate of 13 analysts in a Reuters survey. The forecasts ranged from a dip of 0.8 percent to growth of 0.8 percent. The agency revised October monthly industrial production growth to 0.3 percent from a previously reported 0.4 percent.
Domestic demand has helped drive Brazil's recovery, but factories have struggled to notch the same growth numbers as retailers. Industrial production has either been sluggish or shrinking on a month-on-month basis since the second quarter. A stronger currency, the real, has contributed to industry's struggles, gaining 4.6 percent in 2010. The firmer real has fuelled a flood of cheaper imports as Brazilian exports become more expensive abroad.
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