3-6-18 7:31 AM EST | Email Article

By Jeffrey T. Lewis


SÃO PAULO--Brazil's industrial output fell a seasonally adjusted 2.4% in January from the previous month as production of durable goods dropped.

Output rose 5.7% in January from a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE, said Tuesday. Production of durable goods fell 7.1% in the month compared with December 2017, and output of intermediate goods declined 2.4%.

Compared with a year earlier, durable goods production jumped 20% in January, and output of intermediate goods rose 4.2%, the agency said.

Brazil's economy expanded 1% in 2017, the first year of growth after a two-year contraction, with help from the country's recovering industrial sector. Economists are forecasting economic growth of 2.9% for this year, according to a survey by the country's central bank.


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


(END) Dow Jones Newswires

March 06, 2018 07:31 ET (12:31 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Add a Comment

Try Premium Membership today. Your first 14 days are free of charge. Start my Premium Membership Trial.
Sponsored Links
Buy a Link Now
Sponsor Center
Content Partners