Brazilian industrial output rose by 2.5% in 2017 against the previous year, the first year-on-year gain since 2013, the Brazilian Census Bureau (IBGE) said Thursday. Output was led by motor vehicles and other big-ticket items such as electronics goods, reflecting effects of deep cuts to interest rates. Capital goods also posted gains, pointing to increased investment by manufacturers. Brazil’s economic recovery is expected to gain momentum in 2018, boosting industrial production even more.
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