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Brazil's industrial output posts good rise

Christian Fernsby ▼ | October 3, 2019
Industrial production in Brazil rose in August at its fastest pace in more than a year.
Brazil river ship
LatAm   It was the fastest rate of growth since December 2017
Intermediate goods production was the only one of four broad economic categories to grow, and only 10 of the 26 narrower sectors surveyed managed to expand in the month.

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%.