Economics
Brazil Industry Posts Longest Streak of Gains Since 2012
- Sept. industrial production +2.6% m/m, +3.4% y/y: stats agency
- Central bank says government stimulus is boosting investments
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Brazil’s industrial production rose for the fifth straight month in September, representing the longest streak of gains since 2012, as billions of dollars in fiscal stimulus spurs broad-based consumer demand.
Output rose 2.6% from August, above the median estimate for a 2.4% gain from economists in a Bloomberg survey. Industrial production increased 3.4% from a year ago, returning to pre-coronavirus levels, the national statistics agency reported on Wednesday.