Brazil's industrial production fell 5.2 percent in November compared with October, the sharpest decrease since May 1995, according to a study released Tuesday.
The industrial production fell 6.2 percent from the figure in November 2007, said the study, issued by the Brazilian Institute of Geography and Statistics (IBGE).
It was the deepest year-on-year drop since the 6.4-percent decrease registered in December 2001.
Despite the bad results recorded in October and November, the industrial production from January to November increased 4.7 percent over the same period in 2007.
The decrease in November was attributed mainly to the difficulties the automotive industry had faced amid the ongoing international financial crisis.
Many auto companies gave collective vacations to their employees in November, causing a 22.6 percent output decrease compared with October, and a 18.3 percent decrease compared with November 2007.
Other sectors also registered significant production decrease in November, with machinery and equipments down 11.9 percent, publishing 14.8 percent, and basic metallurgy 10.2 percent.
All categories of products experienced a decrease in industrial production in November. Durable goods' production had the sharpest decline of 20.4 percent compared with October, while that of non-durable goods fell 0.7 percent.
Compared with October, the production of capital goods and intermediate goods fell 4 percent and 3.9 percent in November, respectively.
Source:Xinhua
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