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Brazilian industrial production fell again in September, down 1% month on month

Brazilian industrial production fell again in September, down 1% month on month

China Construction machinery information

Guide: Brazil's National Bureau of geographic Statistics announced on the 1st that after three consecutive months of growth, Brazilian industry fell again in September, down 1% month on month, which led to a cumulative contraction of 3.5% in the first three quarters of this year. Since the beginning of this year, Brazilian industry has shrunk all the way, but after a weak growth of 0.2% and 0.3% in June and July

Brazil's National Bureau of geographic Statistics announced on the 1st that after three consecutive months of growth, Brazilian industry fell again in September, down 1% month on month, resulting in a cumulative contraction of 3.5% in the first three quarters of this year

since the beginning of this year, Brazilian industry has shrunk all the way, but after a slight increase of 0.2% and 0.3% in June and July, it grew strongly by 1.5% in August, once showing signs of recovery

in September, the industries with the largest month on month decline were cigarette, sanitation and cleaning, furniture, machinery, machinery and equipment, chemical industry and food

in order to resist external shocks and improve the competitiveness of its industry, the Brazilian government has taken a series of measures, including continuously reducing bank interest rates, reducing taxes for the industrial sector, and raising tariffs to restrict imports. Nevertheless, the market still predicts that Brazilian industry may shrink by 2.1% by the end of this year, much lower than the growth of 0.2% last year. In 2010, the growth rate of Brazilian industry was as high as 10.5%

affected by the international financial crisis, in addition to the establishment of a new material research and development center, Brazil's economic growth fell to 2.7% last year. The Brazilian government expects economic growth to be only 2% this year. The central bank's forecast is more pessimistic, only 1.6%