Brazil’s Industrial Production Rises but Sales Remain Low

In the auto sector, there are fears that growth in production may not be sustained, since automobile sales continue to decline.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Industrial production in Brazil registered a growth of 0.8 percent in May according to data from the IBGE (Brazilian Statistical Bureau). Although this is the second consecutive positive rate recorded by the Brazilian industry, some sectors, like the automobile industry still forecast weak months ahead.

With the results of May, the industry has accumulated a growth of 1.9 percent in the last two months, compensating for the retraction by 1.6 percent seen in March. In the annual comparison (May 2017/May 2016) this year’s results accumulated . . .

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