[ad_1]
Industrial production in Brazil plummeted 10.9% in May compared with April, due to a truckers strike that paralyzed the country in the last ten days of this month , according to official sources Wednesday.
Shipwreck was particularly noticeable in the automobile manufacturing sectors which was down by almost 30%, and food products (-18.1%).
The overall decline is still lower than the average forecast of a 14% decline established on the basis of 30 financial institutions and analysts consulted by the business newspaper Valor.
This is the worst setback since December 2008 (-11.2%), when the largest Latin American economy has weathered the storms of the global economic and financial crisis.
Compared to May 2017, the decline was 6.6%, the highest since October 2016 (-7.3%), while the country had been in recession for almost two years. years, said the Brazilian Institute of Geography and Statistics (IBGE).
Compared to April, all categories recorded declines, such as equipment goods (-18.3), consumer goods (-15.4%, with -27.4% in the durable goods sub-category) and intermediate goods (-5.2%).
24 of the 26 sectors examined also lost ground, beginning with the manufacture of automobiles, trailers and bodywork (-29.8%) and food products (-18.1%).
[ad_2]
Source link
