Brazil’s Industrial Production Grows by 13.1 Percent in June

The monthly production growth is the highest since 2002, while Brazil's Copom unanimously decides to maintain interest rate at 6.5 percent per year.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Overcoming the negative effects caused by the eleven-day truckers strike in May, Brazil’s industrial production registered a growth of 13.1 percent in June according to data from the Monthly Industrial Survey released Thursday (August 2nd) by the Brazilian Institute of Geography and Statistics (IBGE). The result is the best monthly growth since 2002.

IBGE research manager Andre Macedo, says the outlook is favorable. "Not only have we eliminated the loss (caused by the strike) but we have returned to a level above April (2018) and approaching December . . .

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