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 Prices Decline Amid Potential Russia-Ukraine Peace Talks and U.S. Inflation Concerns

Oil prices fell in Asian trading on Thursday as U.S. President Donald Trump signaled potential …