Brazil's national statistics agency (IBGE) has reported that in February this year industrial production in the largest Latin American country increased by 0.4 percent compared to January and was up five percent from February 2013. In January, industrial output in Brazil had increased by 2.9 percent month on month.
According to the report, in February this year intermediate goods manufacturers in Brazil increased their production by 0.8 percent, while output of consumer goods rose by 0.5 percent, output of capital goods increased by 0.1 percent, output of durable consumer goods moved up by 3.3 percent and output of non-durable consumer goods decreased by 0.1 percent, all compared to the previous month.
Meanwhile, in February of the current year, Brazil's basic metal output increased by 2.8 percent month on month, while motor vehicle output increased by seven percent month on month and by 12.9 percent year on year.
