Industrial output in Brazil plummeted in May at the sharpest pace in a decade, highlighting the deep impact of a nationwide truckers' strike in the final weeks of that month. Production fell 10.9% from April, government statistics agency IBGE said on Wednesday, the largest decline since December 2008.
Brazil's 12-month inflation accelerated in May from April amid strong fuel prices. Consumer prices rose 0.40% in the month, compared with an increase of 0.22% in April, statistics agency IBGE said on Friday. The consumer price index advanced 2.86% in May from a year earlier, up from April's 2.76% pace.
Brazilian industrial production increased 0.8% in April, marking a return to positive growth after dropping by 0.1% in March, the government announced on Tuesday. According to the report by Brazil's statistics bureau, IBGE, the industrial sector has grown 4.5% so far in 2018.
Industrial output in Brazil contracted unexpectedly in March, the latest in a string of weak data suggesting a recovery in Latin America's largest economy hit a bump in the first quarter. Production fell 0.1% from February, government statistics agency IBGE announced.
Industrial production in Brazil contracted more than expected in September. According to a release from the government stats office IBGE output from Brazilian factories and mines shrank 1% in September from August on a seasonally adjusted basis.
Brazil's annual inflation remained relatively stable in August, and was broadly in line with economists' forecast, data released by statistical office IBGE. The consumer price index increased 5.24% on an annual basis in August, just ahead of the 5.2% recorded in July.
Brazilian industrial production rose a stronger-than-expected 0.3% in July from June, government statistics agency IBGE said on Tuesday. July was the second positive number following three straight months of declining output.
The 2012 Brazilian grains and oilseed is expected to be below the 2011 record because of the intense drought in the months of December and January, particularly to the south of the country where soybeans and rice suffered most reported the Geography and Statistics Institute, IBGE.
Rising output at Brazil's factories and mines in December, following a dismal 2011 performance, should help activity in 2012 as falling interest rates and rising investment help sustain growth in Latin America's largest economy
Brazil's economy expanded at a softer pace in the second quarter as a strong currency fueled a flood of cheap imports and industrial activity had its worst performance since the third quarter of 2009.