31.08.201009:16:00UTC+00Brazilian Industrial Output Rises In July

Industrial production in Brazil increased 8.7% year-on-year in July,the statistical office IBGE said Tuesday.

Economists had expected a growth of 9.5%. Production rose a seasonally adjusted 0.4% month-on-month compared to 0.8% growth expected by economists. Year-on-year, production in capital goods industries climbed 21.1%.

Output of intermediate goods rose 11.3% annually while production of automotive vehicles surged 32.1% compared to the same month last year.

During the first seven months of the year, production grew 15% over the same period last year and was less than the 16.2% growth recorded in the first half of the year.

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