Brazil's industrial production fell in September

Nov 01, 2012, 4:03 PM EDT
Toyota's workers are trained to examine the new compact car, ETIOS, at the new factory in Sorocaba, about 100km west of Sao Paulo, Brazil on August 9, 2012. Industrial production in Brazil contracted more than expected in September. According to a release from the government stats office IBGE output from Brazilian factories and mines shrank 1% in September from August on a seasonally adjusted basis.
AFP/Getty Images/YASUYOSHI CHIBA

Industrial production in Brazil contracted more than expected in September with output falling 1% from the previous month, according to government figures. However, the HSBC Purchasing Managers' Index for the Brazilian manufacturing sector rose to 50.2 in October from 49.8 in September, the first time since March the index rose above the line dividing expansion from contraction, suggesting the fall in output may be short lived.

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