Brazil's industrial output rose more than expected in May, according to Bloomberg. Output increased 4.8 percent in May from a year earlier, after declining 1.9 percent in April, the government said. Seasonally adjusted output rose 1.6 percent from April, the fastest gain in 5 months. Output climbed 3.3 percent in the first five months of this year. For the 12 months through May, industrial output rose 2.6 percent, the government said. Output of durable consumer goods, such as home appliances and personal computers, increased 8.1 percent from a year earlier after posting 0.5 percent growth in April. Production of capital goods, such as machinery, increased 5.9 percent in May, erasing a 0.3 percent decline in April. |