RIO DE JANEIRO, BRAZIL - Industrial production in Brazil rose in January for a ninth straight month, figures showed on Friday, but it was the slowest rate in that period, offering another indication that the wider economic recovery is losing steam.
January’s 0.4% increase in industrial output was exactly in line with the median estimate in a Reuters poll of economists, while the year-on-year rise of 2.0% was slightly below the poll forecast of 2.2% growth.
Statistics agency IBGE said the main drivers were a 3.1% increase in food production, and a 1.5 . . .