Brazil’s industrial production posted a modest first-half gain of 0.5% over the first half of 2016, the Brazilian Census Bureau (IBGE) said Tuesday. Big-ticket items still tended to lag while more popular categories such as food packaging tended to gain. June showed stable production against May, a disappointing outcome following two months of solid gains for industrial output in April and May. Economists are hoping that tame inflation and lower interest rates will help re-boot manufacturing in the second half of 2017. Other positive factors for manufacturers include lower unemployment and a steep rise in exports.
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