Industrial Production: Revision in the Series and Results for March

BRAZIL ECONOMICS - Report 08 May 2014 by Marcelo Gazzano, Cristina Pinotti and Affonso Pastore
Executive Summary The IBGE has just released the industrial output numbers for March. However, in computing those numbers it applied a revised survey method. In the first part of this Bulletin we comment on the results for March, while in the second part we briefly describe the changes instituted by the IBGE and compare the old and new series. Industrial production in March fell 0.5% after holding steady in February. The volatility remained high: the variation in the past 12 months through March was negative 1.0% versus expansion of 4.4% in the corresponding result for February. Industry re...

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