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01/02/2018 - 14:05hs

Industry grew 2.5% last year

After three years of decline, Brazilian industrial production ended 2017 with a growth, driven by the auto industry.

Rio de Janeiro – After three years of consecutive decline, the Brazilian industrial production ended last year with a growth of 2.5% in comparison to 2016, driven by the auto industry. This is the first positive yearly result since 2013, when the industry had a growth of 2.1%, and the highest since 2010, in which the industry registered a record growth of 10.2%.

The data is part of the Monthly Survey of Industry – Physical Production (PIM-PF) released this Thursday (1) by the Brazilian Institute of Geography and Statistic (IBGE), which also presented the monthly result of 2017’s last month: the country’s industrial park ended December with a growth of 2.8% over November, in the seasonally adjusted data. In comparison to December 2016, the industry grew 4.3%.

*Translated by Sérgio Kakitani

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