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

Oil spikes as conflicting reports emerge over alleged Iranian strike on US warship

Key Takeaways Crude oil prices surged more than 4% during the European session, with WTI …