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Industry

Industry output has best April since 2013

published: Jun 02, 2017 12:00 AM, last modified: Jun 02, 2017 01:01 PM
Industrial production has advanced in 13 of the 24 branches of activity, shows signs of slowing down decline in year-to-date terms
Industry output has best April since 2013

Industry output accumulated a 0.7% decrease in year-to-date terms, a significantly better result than in the same period of last year - Credit: Governo de Minas Gerais

In keeping with the good results of economic indicators, industrial output increased 0.6% in April compared to March, the highest result for the month since 2013 (when it grew by 0.9%). The data was released this Friday (2) by the Brazilian Institute of Geography and Statistics (IBGE).

The indicator is steady on its recovery trajectory, going from a year-to-date decline of 9.7% in June last year to a current YTD decline of 3.6%. From January to April, industrial output accumulated a drop of 0.7%, well above the 10.3% decrease registered in the same period of last year.

According to the survey, 13 of the 24 branches of industry surveyed had advances in the month. Some of the best results were achieved by the pharmaceuticals (19.8%), computer equipment (6.7%), furniture (8.8%), motor vehicles (3.4%) and machinery and equipment (4.9%).

Among the major economic categories, the main growth since March was in the production of intermediate goods, (2.1%), followed by consumer goods (1.9%). Capital goods output rose by 1.5% in the period, reversing part of the drop in the previous month.