Brazil & Southern Cone - August 2011 (ISSN 1741-4431)

The economy barely seems to be slowing down. In June year-on-year growth in industrial output was 3.5% (or 2.6%, if the refinery and the UPM pulp mill are excluded). Although this is a fall on May, when industrial output rose 5% year-on-year, taking the second quarter as a whole industrial output was around 4.2% higher than in the same period of 2010 (again excluding the refinery and UPM, which are by far the biggest industrial units in the country and thus have a disproportionate effect on the index as a whole). Quarter-on-quarter industrial growth was 1%, pretty much in line with the annual figure.

End of preview - This article contains approximately 338 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial