RIO DE JANEIRO, BRAZIL - Brazil's industrial production rose for the seventh consecutive month in November, boosted by the output of motor vehicles and clothing. Production rose a seasonally adjusted 1.2% in November and increased 2.8% from the same month a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE, said on Friday, January 9th.
In October, the IGBE reported that production rose 1.1% in the month and grew 0.3% from a year earlier.
The rise in car production is probably partly due to the country's record-low interest rates and to the . . .