Brazilian industrial output plunged 8.3% in 2015 on a combination of rising prices, huge consumer debts and unemployment, the Brazilian Census Bureau (IBGE) said Tuesday. It was the steepest decline in industrial production under current methodology, first adopted in 2003. Industrial production declined 3.0% in 2014. Output was down in 25 of the 26 segments surveyed. The only segment to show in increase was crude oil and mineral extraction, which rose 3.9%. Motor vehicles were down 25.9% while capital goods declined 31.9% on lack of investment in expansion of plant and equipment.
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