Brazil's national statistics agency (IBGE) has reported that in May this year industrial production in the largest Latin American country decreased by 0.6 percent compared to April, declining for the third consecutive month on month-on-month basis, and was down 3.2 percent from May 2013. In April, industrial output in Brazil had decreased by 0.3 percent month on month. Meanwhile, in the first five months of the current year, industrial production in Brazil fell 1.6 percent year on year.
According to the report, in May this year the production of intermediate goods manufacturers in Brazil decreased by 0.9 percent, while output of capital goods declined by 2.6 percent, output of consumer goods shrank by 0.3 percent, production of durable consumer goods moved down by 3.6 percent and output of semi-durable and non-durable consumer goods increased by one percent, all compared to the previous month.
In May of the current year, Brazil's metal products output decreased by four percent, machine and equipment output decreased by 2.1 percent, while output of motor vehicles and trailers decreased by 3.9 percent, both compared to April. Meanwhile, in the first five months this year, Brazil's metal products output decreased by 8.8 percent and machine and equipment output decreased by 2.7 percent, while motor vehicles and trailers output decreased by 12.5 percent, both on year-on-year basis.
