World Economy

Brazil Factory Output Up

Brazil Factory Output UpBrazil Factory Output Up

Industrial output in Brazil grew in September after two straight declines, government data showed on Tuesday, but a steep drop in capital goods production illustrated manufacturers’ continued struggles during a deep recession. Industrial production in Brazil rose 0.5% in September from August, statistics agency IBGE said. That compared with a median estimate of 0.4% in a Reuters poll of economists. Output had declined 3.8% in August, erasing five months of gains in the largest monthly drop since 2012. In September, production rose in only nine of the 24 sectors covered by IBGE. It cited increases in some of Brazil’s most important industries, such as automobiles and food processing.


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