Brazil: Industrial output tumbles in November

In November 2013, industrial production fell 0.2% over the previous month on a seasonally-adjusted basis. The result, which was driven by a decrease in capital goods, was below the 0.6% expansion observed in October, but above market expectations of a 1.1% contraction. In annual terms, industrial production expanded 0.4% in November (October: +1.0% year-on-year).

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