Consumer Durables News

Brazil Industrial Production Declined 0.1% in November; Durable Goods Output Fell


By Jeffrey T. Lewis

SÃO PAULO–Brazil’s industrial production was slightly lower in November compared with October after output of durable consumer goods declined.

Production fell a seasonally adjusted 0.1% in November and rose 0.9% from a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE, said Thursday. In October, production rose 0.3% in the month and climbed 1.7% from a year earlier.

It was the fourth decline in six months, as government measures to spur economic growth that were implemented earlier in the year have lost steam, according to André Macedo, the IBGE’s research manager for the production report. The outlook is for production to continue to decline, he said.

“The quarterly moving average is falling for the fourth consecutive month and shows a very clear downward trajectory,” Mr. Macedo said.

Output of capital goods rose 0.8% in November and increased 0.7% from a year earlier, while production of intermediate goods rose 0.4% in the month and grew 1.3% on the year. Production of consumer goods fell 0.1% in the month, with output of durable consumer goods down 0.4% in the month and production of semi durable and nondurable goods up 0.6%, the IBGE said.

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com



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