Brazil's national statistics agency (IBGE) has reported that in June this year industrial production in the largest Latin American country decreased by 1.4 percent compared to May, declining for the fourth consecutive month on month-on-month basis, and was down 6.9 percent from June 2013. In May, industrial output in Brazil had decreased by 0.6 percent month on month. Meanwhile, in the first half of the current year, industrial production in Brazil fell 2.6 percent year on year.
According to the report, in first half of this year the production of intermediate goods manufacturers in Brazil decreased by 2.2 percent, while output of capital goods declined by 8.3 percent, output of consumer goods shrank by 1.9 percent, production of durable consumer goods moved down by 8.6 percent and output of semi-durable and non-durable consumer goods increased by 0.3 percent, all compared to the previous month.
In June of the current year, Brazil's metal products output decreased by 15.6 percent, machine and equipment output decreased by 18.4 percent, while output of motor vehicles and trailers decreased by 36.3 percent, both on year-on-year basis. As compared to May, Brazil's machine and equipment output decreased by 9.4 percent and output of motor vehicles and trailers decreased by 12.1 percent. Meanwhile, in the first half of this year, Brazil's metal products output decreased by 10.1 percent and machine and equipment output decreased by 4.5 percent, while motor vehicles and trailers output decreased by 16.9 percent, both on year-on-year basis.
