Brazilian industrial production staged a major comeback in June, following a disastrous plunge the previous month due to a truckers’ strike, the Brazilian Census Bureau (IBGE) said Thursday. Industrial output forged ahead by 13.1% in June against the previous month, following an 11% dive from April to May. Output in May was hurt by an 11-day truckers’ strike. Many economists expected effects of the strike to linger into June. However, the June figures showed a complete recovery. Indeed, June production was up by a healthy 3.5% against June of 2017, indicating that Brazil’s economic recovery is still on track. June gains were led by motor vehicles and capital goods.
Link to IBGE release & nbsp;More Testimonials