Brazil's industry outperformed forecasts in February
Industrial production in Brazil grew by 0.9% in February compared to January, surpassing analysts' expectations. On an annual basis, the decline was 0.7%, which was also better than forecasted.
Opus
Industrial production in Brazil increased by 0.9% in February compared to January, according to data released by the national statistics agency IBGE. This figure surpassed the median growth forecast of 0.7% that was obtained from a survey of economists.
On an annual basis, industrial production in February fell by 0.7% compared to the same month last year. However, this decline was less severe than expected, as forecasts had predicted a decrease of 1.0%.