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Brazil 1Q industrial output slumps 14.7 percent

Brazil 1Q industrial output slumps 14.7 percent

Brazil's industrial output has plunged nearly 15 percent in the first quarter of the year as companies scale back production amid the global economic downturn.
Brazil's national statistics agency says industrial production declined 14.7 percent in the first three months of 2009 over the same period in 2008.
Output dropped 10 percent in March from the year-earlier period mainly because of a 23 percent drop in the production of capital goods and a 13.4 percent decrease in the output of durable consumer goods.
But compared to February, production in March rose 0.7 percent amid higher automobile sales fueled by government tax breaks on car sales.
The agency made the announcement on Tuesday.


Updated : 2021-01-23 16:01 GMT+08:00