Brazil’s industrial output down in nine of 15 locations surveyed

Brazil’s industrial production was down in nine of the 15 locations surveyed, as reported by the government’s statistics agency IBGE from September to October this year, despite the 0.2 percent increase in the national average. The sharpest reduction—10.1 percent—was seen in the northeastern state of Pernambuco.

Output lows were also reported in the states of Mato Grosso (-2.7%), Ceará (-2.6), Pará (-2.5%), Paraná (-2.5%), Rio Grande do Sul (-2.1%), Goiás (-1%), and Rio de Janeiro (-0.8%). The Northeast, with the production of its nine states, also declined 1.9 percent.

The industrial production in São Paulo—Brazil’s biggest industrial complex—held steady in the period. Five states contributed significantly to the 0.2 percent increase in the national average: Amazonas (12.4%), Santa Catarina (4.4%), Espírito Santo (1.9%), and Bahia and Minas Gerais (1.1% each).