Industrial output in Brazil surges by 1.1 percent in September
Industrial output in Brazil surges by 1.1 percent in September . (MENAFN) Brazil's industrial production experienced a notable increase of 1.1 percent in September compared to the previous month, according to official data released by the Institute of Geography ...
América - MenaFN
(MENAFN) Brazil's industrial production experienced a notable increase of 1.1 percent in September compared to the previous month, according to official data released by the Institute of Geography and Statistics (IBGE) on Friday. This rise exceeded market expectations, which had forecasted a more modest increase of 0.9 percent following a slight gain of 0.2 percent in August. The uptick in production is seen as a positive indicator of the industrial sector's ongoing recovery.



Over the first nine months of 2024, the industrial sector recorded an impressive growth rate of 3.1 percent. This sustained expansion highlights the resilience of Brazil's manufacturing and production capabilities as the country continues to navigate the complexities of the post-pandemic economic landscape. The September figures reflect an encouraging trend that may bolster investor confidence and support future economic activities.



Year-on-year comparisons also illustrate the industrial sector's strong performance, with output increasing by 3.4 percent in September 2024 compared to the same month in the previous year. This annual growth figure significantly surpassed market expectations, which anticipated a 2.8 percent rise. The better-than-expected performance further underscores the sector's recovery momentum and its vital role in Brazil's economic framework.



In addition to the month-to-month growth, the data from IBGE indicates that August also had a positive annual growth figure of 2.3 percent. These results collectively suggest a strengthening industrial sector in Brazil, pointing toward a robust economic outlook as the nation continues to build on its recovery efforts and adapt to evolving global market conditions.

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https://menafn.com/1108845668/Industrial-output-in-Brazil-surges-by-11-percent-in-September
2024-11-03
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(MENAFN) Brazil's industrial production experienced a notable increase of 1.1 percent in September compared to the previous month, according to official data released by the Institute of Geography ...
Industrial output in Brazil surges by 1.1 percent in September