Brazil's industrial production increased 1.7 percent in September compared with August, and was up 9.8 percent over the same period of 2007, according to a monthly study released Tuesday.
In the third quarter of this year, production grew 2.7 percent compared with the previous quarter, according to the study by the Brazilian Institute of Geography and Statistics (IBGE).
Compared with the same period of 2007, the country's industrial production in the first three quarters of this year rose by 6.5 percent.
According to the IBGE, the influence of the international financial crisis was still not visible in the September figures, however, the October figures are likely to show a much different picture.
Last week, the Getulio Vargas Foundation released a study showing that industry confidence levels fell 11.7 percent in October. The perspectives for the next six months are not encouraging either, with industrialists believing that the economy is heading for a recession.
The IBGE study showed that there was a production increase in 20 of the 27 sectors analyzed. The most significant increases were registered in the machinery and equipment sector, which grew 9 percent, and the publishing sector, with a 8.4 percent rise.
The most negative results were registered in the chemical sector, which had a decrease of 2.3 percent, and the metallurgy sector, with a 1.7 percent fall.
Source: Xinhua
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