Investing.com -- Brazil’s industrial production increased 0.9% in February compared to January, surpassing economist expectations, according to data released Thursday by the government statistics agency IBGE.
The monthly gain exceeded the median forecast of 0.7% growth projected in a Reuters poll of economists.
On an annual basis, industrial output declined 0.7% in February compared to the same month last year. This year-over-year drop was smaller than the 1.0% decrease anticipated by economists surveyed by Reuters.
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