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Industrial production increases 1.2% in March before February, above projections
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Petroleum products and biofuels had the most important influence in the month: 3.4%, says IBGE The post Industry grew 1.2% in March, the highest rate since June 2024 appeared first on Monitor Mercantil.
According to IBGE, it was the largest monthly expansion rate since June 2024 when growth reached 4.3%
·Brazil
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With these results, the industry is 2.8% above the pre-pandemia level (February 2020) and 14.4% at the highest point in the historical series.
The monthly reading was the highest since June 2024; the result exceeded expectations for the sector, says Reuters
·Brazil
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In 12 months, sector advances 3.1%, shows IBGE
·São Paulo, Brazil
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