UPDATE 1-Brazilian June factory output falls as capital goods weigh

martes 4 de agosto de 2015 08:47 GYT
 

(Adds capital goods production, background, table)
    RIO DE JANEIRO, Aug 4 (Reuters) - Brazilian industrial
output fell less than expected in June, government data showed
on Tuesday, although a sharp drop in capital goods production
added to signs of a plunge in investments as the economy sinks.
    Industrial production in Brazil fell 0.3 percent in June
from May, government statistics agency IBGE said,
compared with the median estimate for a 0.7 percent decline in a
Reuters poll of 22 analysts.
    Still, it was the sixth decline in eight months for
Brazilian production, which has been battered by double-digit
interest rates and steep cuts in government investments since
the beginning of the year.
    Capital goods production fell 3.3 percent from May and 17.2
percent from a year earlier, dragged down by lower truck
production. Output of durable consumer goods, such as
automobiles and home appliances, fell 10.7 percent from May.
    The decline compounds Brazil's worst downturn in 25 years.
Industrial production is expected to shrink 5 percent this year,
while gross domestic product is seen dropping 1.8 percent,
according to a weekly central bank poll.
    Output fell in 15 of 24 industrial segments on a monthly
basis, with machinery, computing and automobiles contributing
the most to the decline. 
    Production in June retreated 3.2 percent from a year earlier
, less than the median forecast for a 5.0 percent
decline.
        
 (Percent change)                 June/May  June'15/June'14
 Capital goods                        -3.3            -17.2
 Intermediate goods                   -0.2             -1.7
 Consumer goods                        0.0             -2.4
     Durable consumer goods          -10.7             -2.4
     Semi-durable and                  1.7             -2.4
 non-durable consumer goods                 
 Industrial output                    -0.3             -3.2
 
 (Reporting by Rodrigo Viga Gaier; Writing by Silvio Cascione;
Editing by Chizu Nomiyama and Lisa Von Ahn)