Brazil’s Industrial Production Declines 3.8 Percent in August

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL –Brazil’s industrial production in August declined 3.8 percent in relation to July, according to data from the IBGE (Brazilian Statistical Bureau), the steepest decline since January of 2012 when the index dipped 4.9 percent.

"The decline in August interrupts five consecutive months of growth,” said IBGE Industry Department manager, André Macedo, adding three of the four large economic categories and 21 of the 24 industrial sectors analyzed registered a decline in production.

In comparison with August 2015 the decrease of 5.2 percent, the thirtieth consecutive decline . . .

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