{"id":15967,"date":"2023-04-19T12:41:29","date_gmt":"2023-04-19T12:41:29","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/brazils-industrial-output-down\/"},"modified":"2023-04-19T12:43:37","modified_gmt":"2023-04-19T12:43:37","slug":"brazils-industrial-output-down","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/brazils-industrial-output-down\/","title":{"rendered":"Brazil’s industrial output down for 3rd month in a row in February"},"content":{"rendered":"

SAO PAULO (Reuters) – Industrial production in Brazil fell for the third consecutive month in February, government statistics agency IBGE said on Wednesday, with the sector still below pre-pandemic levels as it struggles to gather steam.<\/p>\n

Output dropped 0.2% in February from January, below the median estimate of a 0.1% decline in a Reuters poll of economists.<\/p>\n

Production in February also retreated 2.4% from a year earlier, IBGE added, missing market forecasts of a 1.9% fall.<\/p>\n

“Industrial production had some improvement at the end of last year, but the start of 2023 shows a drop in output, which remains far from recovering losses from the recent past,” IBGE’s research manager Andre Macedo said in a statement.<\/p>\n

Industrial output in Latin America’s largest economy is now 2.6% below pre-pandemic levels of February 2020, according to the statistics agency, and 19% below its May 2011 all-time high.<\/p>\n

\n

(Reporting by Gabriel Araujo; Editing by Steven Grattan)<\/p>\n

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SAO PAULO (Reuters) – Industrial production in Brazil fell for the third consecutive month in February, government statistics agency IBGE said on Wednesday, with the sector still below pre-pandemic levels as it struggles to gather steam. Output dropped 0.2% in February from January, below the median estimate of a 0.1% decline in a Reuters poll […]<\/p>\n","protected":false},"author":8,"featured_media":15968,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[],"class_list":["post-15967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ3I0F1-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/15967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=15967"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/15967\/revisions"}],"predecessor-version":[{"id":15969,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/15967\/revisions\/15969"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/15968"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=15967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=15967"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=15967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}