Industrial Production: Still on a Rollercoaster

BRAZIL ECONOMICS - Report 03 Sep 2013 by Marcelo Gazzano, Cristina Pinotti and Affonso Pastore

Industrial production fell 2.0% in August, giving back nearly all the gain in July (2.1%) and continuing the extremely volatile pattern of recent months (Graph 1). The decline in the month was so steep that it brought the quarterly moving average into negative territory (-0.7%) for the first time since January.

Graph 1

Industrial Production – seasonally adjusted monthly and quarterly moving average variations

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