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 hindered production. In Brazil, high unemployment and soaring inflation have also affected demand.

Production increased in all major categories measured in the report, with output of durable goods rising the most in the month at 6.9%. Production of capital goods increased 4.4%, output of consumer goods rose 3.1% and production of intermediate goods grew 1.2%.

More: Brazil news in English, every day from The Rio Times.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error