* Brazil’s national statistics institute (Ibge) has released its latest figures on the industrial sector, according to which industrial production grew 0.4% in January 2021 compared with December 2020. This is the ninth consecutive month of positive variation, after the slump in production with the onset of the coronavirus (Covid-19) pandemic in March-April last year. Year-on-year, industrial production expanded 2% in January, while in the 12 months to January it has accumulated a negative result of -4.3%. Ibge’s research manager, André Macedo, notes the “maintenance of the positive behaviour of the industrial sector” in January, while adding that the rhythm of growth has decelerated compared with previous months.
LatinNews Daily - 05 March 2021
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