Brazil January through March chemical output drops 5.32%

28 April 2011 22:14  [Source: ICIS news]

SAO PAULO (ICIS)--Brazil's industrial chemical output from January through March fell by 5.32% year on year, the chemical trade group Abiquim said on Thursday.

Chemical output dropped in the period because of an electrical blackout that reduced production in February, the association said.

January through March domestic sales fell 4.62% compared with the same period of 2010 also the result of the blackout, Abiquim added.   

In the first quarter of 2011, imports totalled $8.45bn (€5.75bn) and exports totalled $3.45bn, while the deficit in the period reached $5bn.

Brazil's chemical industry ran at an average rate 78% of installed capacity in January through March, down 5 percentage points when compared with the same period in 2010.

($1 = €0.68)

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By: Hellen Berger
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