SAO PAULO: Brazil's industrial production fell in August after expanding less in July than originally reported, signaling an economic slowdown in Latin America's largest economy.
Industrial production in Brazil fell 0.2 percent in August from a month earlier, the government's statistics agency, IBGE, said on Tuesday, its first drop since June.
IBGE revised industrial output growth in July to 0.3 percent from a month prior, down from a previously reported 0.5 percent increase.
Production had been expected to dip 0.28 percent in August, according to the median estimate of 20 analysts in a Reuters survey. The forecasts ranged from a loss of 1 percent to a gain of 0.8 percent.
August's industrial production rose 1.8 percent compared with a year earlier, near the 1.85 percent median forecast in the Reuters survey. Estimates for the year-on-year output increase ranged from 1.1 percent to 2.7 percent.
Of the 27 industrial sectors surveyed, 11 fell from a month earlier, including food, electronics and printing.
In broader industrial categories, output of capital goods rose 0.9 percent in August from July, the IBGE said. Production of consumer goods fell 1.3 percent month on month, and durable consumer goods dropped 2.9 percent.
Copyright Reuters, 2011
Comments
Comments are closed.