Credit: REUTERS/FERNANDO DONASCIAdds details, context
SAO PAULO, Jan 5 (Reuters) - Industrial production in Brazil fell 0.1% in November from the previous month BRIO=ECI, government statistics agency IBGE said on Thursday, keeping the sector below pre-pandemic levels and underscoring a negative trend in recent months.
November's data, which matched the median estimate in a Reuters poll of economists, represented the fourth negative reading in the last six months, according to IBGE.
"The sector has been hovering around a plateau but with a negative trend," said research manager Andre Macedo, adding the quarterly moving average showed a "very clear downward trajectory."
On a yearly basis, production in November grew 0.9% BRIOY=ECI, in line with economists' forecasts.
Even so, Brazil's industrial output remains 2.2% below pre-pandemic levels of February 2020 and 18.5% below the May 2011 all-time high, the statistics agency said.
(Reporting by Gabriel Araujo, Editing by Isabel Woodford)
((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))
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