Brazilian industrial production rose in March, in its best performance in more than two years, as the Financial Times predicted a long-awaited recovery from recession. Industrial output advanced 1.4 percent in March against the previous month, the best month-on-month performance since January 2014. Even capital goods, a harbinger of manufacturing investments, rose. Industrial output was still down in the year-on-year comparison, falling 11.4 percent against March 2015. The month-on-month spike in output was announced the same day as a Financial Times article saying Brazil’s economy may have hit bottom. The article said various indicators showed that Brazil’s economy may be ready to stage a long-awaited recovery starting in the second half of the year.
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