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04/04/2017 - 13:27hs
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Industrial production stagnant

According to the Brazilian Institute of Geography and Statistics (IBGE), output was up marginally at 0.1% in February from January, and up 0.3% in the first two months of the year combined.



Rio de Janeiro – Brazilian industrial production was virtually stagnant in February, climbing 0.1% from January based on seasonally adjusted numbers. In the first two months of the year, production increased by 0.3%, as per figures released on Tuesday (4) by the Brazilian Institute of Geography and Statistics (IBGE) in its monthly production survey Pesquisa Industrial Mensal Produção Física Brasil (PIM – Brasil).

Year-on-year in February, output dropped by 0.8%. It had climbed by 1.4% year-on-year in January, capping a 34-month downward streak.

*Translated by Gabriel Pomerancblum

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