Brazilian industrial production advanced 0.6% in April against the previous month, the first month-on-month gain so far this year, the Brazilian Census Bureau (IBGE) said Friday. The figures came just one day after release of first quarter GDP figures showing the first quarterly rise in gross domestic product since 2014. April’s rise in industrial production was led by motor vehicles, which advanced 3.4% against March. Capital goods were up 1.5%, indicating increased investments by manufacturers. Consumer goods lagged by 0.4%. According to economists, Brazil is likely to post modest GDP gains this year, on the order of about 1.0%, with the recovery accelerating in 2018. Brazil’s economy suffered a long recession in 2015 and 2016.
Link to IBGE releaseMore Testimonials