14 Mar 2019, Radoslav Yordanov, EMIS Editor
Brazil’s industrial production down 2.6% y/y in January
The decline was mainly explained by the weak performance of pharmaceutical sector (-22.5% y/y), machinery and equipment industry (-10.3% y/y) and food products (-4% y/y). Overall, the output decreased in 18 of the 26 sectors tracked by the statistics office.
Activity also fell in m/m terms, as 13 of the 26 industries tracked declined in January compared to December’s figures. Pharmaceuticals (-10.3% m/m), machinery and equipment (-2.9% m/m) and pulp and paper products (-2.6% m/m) decreased the most.
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