Sat05192012

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Brazilian industry grew

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By Eliane Portillo

Brazilian industry grew 0.3 percent in November of 2011 after three consecutive months of recession, according to figures from the Brazilian Institute of Geography and Statistics (IBGE) released on Thursday.

IBGE recalled that the Brazilian industry underwent consecutive shrinking of 0.1 percent in August, 1.9 percent in September and 0.7 percent in October last year; therefore the accumulated loss was of 2.6 percent, and the result in November was not enough to make up for it.

Regarding the 27 industrial sectors assessed by IBGE, 18 reported growth and nine reported falls in November, 2011.

The strongest expansions were reported in machine and equipment (4 percent), cars (1.5 percent), edition and printing (3.4 percent), metal products (3.9 percent) and clothing (9.4 percent).

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