Exports were once again the leading factor in booming Brazilian auto production in July, the National Motor Vehicle Manufacturers Association (Anfavea) said Friday. July production of 224,800 motor vehicles represented a 5.9% increase over June and a 17.9% rise over July of 2016. Domestic sales were still soft, however, while inventories declined slightly in July, Anfavea said. The star performer, as in past months, was exports, with Brazilian auto makers exporting more than 65,000 vehicles in July. Year-to-date exports of 439,586 represent a 55.3% increase over the same period of 2016, keeping Brazil on track for record motor vehicle exports this year. January through July production of 1.488 million is up 22.4% from the same period a year ago. Exports have boomed on a broad recovery in global trade. In addition, Brazil has signed or updated motor vehicle trade accords with neighbor ing countries.
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