A total of 81% of Brazilian manufacturers plan to make investments in 2018, up from 76% in 2017 and matching performance in the pre-recession year of 2014, according to an annual report, released Wednesday, by the National Confederation of Industry (CNI). Investments were depressed in 2015 through 2017 by a stubborn recession. In 2016, only 67% of manufacturers made investments. The report said investments are returning to 2014 levels because of rising confidence in domestic consumption. The quality of investments is also improving, the report said. Investments in 2017 were focused mainly on technical upgrades designed to improve industrial productivity. Investments this year are widening to include new capital goods acquisitions and expansion in productive capacity.
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