Brazil's September industrial output falls 0.8%
SPY•Brazilian industrial output fell 0.8% from August and 2.5% year on year in September. Economists had expected declines of 0.2% and 1.7%, respectively.
1. Output falls in September
Brazilian industrial output fell 0.8% in September from August, according to government statistics agency IBGE. Output was down 2.5% from a year earlier; economists had forecast declines of 0.2% month on month and 1.7% year on year.
