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 1Industrial Production – seasonally adjusted monthly and quarterly moving average variationsThe weak result in August occurred in the majority of the segments surveyed, and the four use categories all slumped (Graph 2). The highlight (or lowlight) was the 7.2% fall in the produ...

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