Brazil’s lube demand rose in October for a sixth month even amid signs of slowing economic growth at the end of the third quarter.Total lube consumption of 102,050mᶟ (90,400t) in October rose by 18pc from year-earlier levels, IBP data showed.The sustained rise in demand lifted total consumption to 969,700mᶟ in the first ten months of the year. The volume was up 10pc from 880,210mᶟ during the same period last year.Rising lube demand mirrored Brazil's higher automobile sales and industrial production throughout most of the year.But the country’s economic activity showed signs of slowing at the end of the third quarter in the face of shrinking activity in the services sector.Any slowdown has yet to impact the country’s lube demand.Consumption of passenger-car motor oils (PCMO) rose by 31pc and for a sixth month in October. PCMO consumption is seen as a bellwether for activity in the services sector.Demand for heavy-duty engine oils rose by 20pc and for a fourth month in five from year-earlier levels.Consumption of industrial lubricants rose by 5pc and for a third month in October..Brazil’s September supply lags demand
Brazil’s lube demand rose in October for a sixth month even amid signs of slowing economic growth at the end of the third quarter.Total lube consumption of 102,050mᶟ (90,400t) in October rose by 18pc from year-earlier levels, IBP data showed.The sustained rise in demand lifted total consumption to 969,700mᶟ in the first ten months of the year. The volume was up 10pc from 880,210mᶟ during the same period last year.Rising lube demand mirrored Brazil's higher automobile sales and industrial production throughout most of the year.But the country’s economic activity showed signs of slowing at the end of the third quarter in the face of shrinking activity in the services sector.Any slowdown has yet to impact the country’s lube demand.Consumption of passenger-car motor oils (PCMO) rose by 31pc and for a sixth month in October. PCMO consumption is seen as a bellwether for activity in the services sector.Demand for heavy-duty engine oils rose by 20pc and for a fourth month in five from year-earlier levels.Consumption of industrial lubricants rose by 5pc and for a third month in October..Brazil’s September supply lags demand
