Brazil's industrial output in March this year increased by 0.3% month-on-month

　　China News Agency, Sao Paulo, May 3 (Reporter Mo Chengxiong) According to data released by the Brazilian National Geographical Statistics Institute (IBGE) on the 3rd local time, in March this year, Brazil's industrial output increased by 0.3% month-on-month.

This was the second consecutive month-on-month increase in the country's manufacturing output after a 0.7% month-on-month increase in the previous month.

　　Data show that compared with February this year, 14 of the 26 industries surveyed in Brazil showed growth in March.

Among them, the automobile manufacturing industry increased by 6.9% month-on-month, the beverage industry increased by 6.4% month-on-month, and the machinery and equipment industry increased by 4.9% month-on-month.

However, the pharmaceutical and chemical products industry decreased by 8.4% month-on-month, the coke, petroleum products and biofuel industry decreased by 2.1% month-on-month, and the food industry decreased by 1.7% month-on-month.

　　Among the major economic categories, capital goods increased by 8% month-on-month, semi-durable and non-durable consumer goods increased by 3.3% month-on-month, durable consumer goods increased by 2.5% month-on-month, and intermediate goods increased by 0.6% month-on-month.

　　Compared with the same period last year, Brazil's industrial output fell 2.1% year-on-year in March.

Among them, the metal products industry fell by 15.9% year-on-year, the rubber and plastic products industry fell by 14.5% year-on-year, and the clothing and accessories industry fell by 9.2% year-on-year.

However, the beverage industry was up 12% year-on-year, and the auto manufacturing industry was up 2.5% year-on-year.

　　The data also showed that in the first quarter of this year, Brazil's gross industrial output increased by 0.3% month-on-month, ending the fourth consecutive quarterly decline, but it fell 4.5% year-on-year.

In the 12 months to March this year, Brazil's total industrial output increased by 1.8%.

　　Andre Macedo, a researcher at Brazil's National Institute of Geography and Statistics, said that although Brazil's industrial output rose for two consecutive months this year, it was not enough to make up for the loss caused by a 2% decline in January this year.

At present, the country's manufacturing sector is experiencing sluggish growth and a slowing recovery, with industrial output in March this year still 2.1% below the level before the COVID-19 outbreak in February 2020.

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