By Mary Carroll, Contributing Reporter
RIO DE JANEIRO, BRAZIL – Industrial production in Brazil managed three consecutive months of growth, only to be followed by one percent fall in September, according to the Brazilian Institute of Geography and Statistics (IBGE) survey. A notable contrast with August, when there was an increase of 1.7 percent from July.
The decrease was twice the amount anticipated by financial market analysts. Manager of the IBGE survey, André Macedo, believes it is important “to take into account the seasonal adjustments.”
Macedo explained that the drop may have, in part, been caused by the ‘calender effect . . .