Brazil posted a 0.2 percent month-on-month increase in industrial production in November, highlighted by rising capital goods output, the Brazilian Census Bureau (IBGE) said Thursday. However, production was down 1.1 percent against November of 2015, reflecting continued effects of a long recession. The figures are seasonally adjusted. Capital goods output rose by a sturdy 2.5 percent in November against October, a harbinger of rising investments by manufacturers. Consumer goods production rose by 0.1 percent, month-on-month, in November. Economists are hopeful that Brazil’s economy can stage a rebound in 2017.
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