Brazil's industrial output posts good riseChristian Fernsby ▼ | October 3, 2019
Industrial production in Brazil rose in August at its fastest pace in more than a year.
LatAm It was the fastest rate of growth since December 2017
Topics: Brazil industrial
Overall output jumped 0.8% in August from July, government statistics agency IBGE said, the first increase in four months.
It was the biggest increase since a 12.8% surge in June last year. Barring that anomalous rebound from an 11.1% plunge in the previous month because of a nationwide truckers’ strike, it was the fastest rate of growth since December 2017.
The biggest driver was mining. It grew by 6.6% on the month, the fourth monthly increase, which brought the accumulated rise in that period to 25.2%. But IBGE noted that this followed three monthly declines when output fell an accumulated 24.2%. ■