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Financial News: Brazil Industrial Production Rebounds In March

Brazil Industrial Production Rebounds In March

05/03/2017 - 09:48:00 (RTTNews)

(RTTNews) - Brazil's industrial production rose in March from a year ago, after declining in the previous month, preliminary figures from IBGE showed Wednesday.

Industrial production grew 1.1 percent year-on-year following a 0.8 percent fall in February. In January, production rose 1.4 percent, halting a series of declines that lasted 34 months.

Compared to the previous month, industrial production declined 1.8 percent in March after remaining unchanged in February.

Brazilian manufacturing sector continued its growth in April supported by gains in output and new orders, survey results from IHS Markit showed Tuesday.

The seasonally adjusted Markit Manufacturing Purchasing Managers' Index rose to 50.1 in April from 49.6 in March. A reading above 50 suggests growth in activity.

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