By Lise Alves, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – Brazil’s industrial production rose in February in sixteen of the 26 sectors surveyed by the Brazilian Institute of Geography and Statistics (IBGE), with an overall increase in industrial production of 0.7 percent. Some analysts however are not optimistic about the results.
“What the industry gained in February barely made up for its decline in January,” said the Institute of Studies for Industrial Development (IEDI) in a statement on Tuesday.
According to the IBGE the sectors which boosted the indicator included motor vehicles (+6.7 percent), food products (+3 . . .
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