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Brazil’s industrial output up in December

RIO DE JANEIRO, BRAZIL - Production rose a seasonally adjusted 2.9% in December for the first time in 7 months, and fell 5.0% from the year before, the Brazilian Institute of Geography and Statistics (IBGE) said Wednesday, February 2.

The IBGE revised the number for November to flat in the month from a decline of 0.2% and left the figure for November from a year earlier unchanged at down 4.4%.

Brazilian industry has been impacted by the same supply issues affecting businesses worldwide in 2021 as backed up ports, a shortage of containers and higher shipping costs . . .

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