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Brazil’s industrial output rises as FT forecasts recovery

May 3, 2016 by

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.

Link to IBGE release

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