Brazilian industrial output rose 0.2% in September against the previous month and 2.6% against September of 2016, led by strong performances by capital goods and durable consumer products, the Brazilian Census Bureau (IBGE) said Tuesday. In the year-on-year comparison, capital goods production rose 5.7% while durable goods were up a spectacular 16.2%, reflecting sharp decreases in interest rates over the past year. IBGE economists called the figures further evidence of “a slow but steady economic recovery.” The industrial figures reinforced unemployment data, released Monday, showing a decline in the unemployment rate to 12.4% for the quarter ended in September from 13.0% in the previous quarter.
Link to IBGE release
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