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Financial News: BRAZIL: Industrial Output Rises 8.9% In April From

BRAZIL: Industrial Output Rises 8.9% In April From A Year Earlier

06/05/2018 - 14:45:00 (RTTNews)

(RTTNews) - The industrial output in Brazil rose 8.9% in April from a year before, gaining strength from the previous month, when the output had an annual increase of 1.3%, according to the country's statistics office (IBGE).

It was the largest annual rise in the industrial output since April 2013, when the production increased 9.8%. Analysts expected a 8.2% increase in the output.

On a monthly and seasonally adjusted comparison, the Brazilian industrial output increased 0.8% in April - more than the 0.5% expected by analysts. In March, the production fell 0.1%.

The capital goods output increased 23.2% in April from a year before and rose 1.4% compared to March.

Intermediate goods production was up 4.7% on an annual basis and increased 1% on a monthly comparison, while consumer goods output rose 14.8% in April from a year before and increased 0.4% from March.

Industrial output of durable consumer goods increased 36.2% annually and climbed 2.8% on a monthly basis. Semi and nondurable goods production was up 9.6% in April from a year before and climbed 0.5% from March.

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