Industrial Production in Brazil Rebounds After 34 Months of Decline

IBGE considers that there were significant increases in the overall rate of petroleum products and biofuels, with a four percent expansion, and in pharmaceuticals and pharmaceuticals products (21.6 percent).

By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The industrial production in Brazil started 2017 with a monthly increase compared to the same days of the previous year, after 34 consecutive months of decline. This is welcome news in the midst of Brazil's worst economic recession on record.

The data was released today (March 8th), in Rio de Janeiro, by the Brazilian Institute of Geography and Statistics (IBGE), and show that production increased 1.4 percent in January 2017 compared to January 2016, but still fell 0.1 percent compared to December 2016.

In twelve months,

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