Home / Market Update / Brazil’s Industrial Production Continues to Grow for Ninth Month

Brazil’s Industrial Production Continues to Grow for Ninth Month

Industrial output in Brazil continued to expand during January for the ninth consecutive month, despite a slowdown as the economy is still recovering from the Coronavirus pandemic.

Industrial production increased by 0.4% in January on a monthly basis and by 2% year-on-year, data by IBGE showed on Friday.

Food production grew by 3.1%, while mining output rose by 1.5%.

Check Also

Coinbase plans to list more meme coins amid regulatory optimism

According to Tom Duff Gordon, vice president of Coinbase, the exchange will probably be able …