Bovespa Weekly Gain Is Biggest Since February on Production Data

Brazilian stocks climbed for a fourth day, posting the biggest weekly advance since February, after industrial production data showed the economy remains robust and as U.S. unemployment fell to a two-year low.

Confab Industrial SA, a Brazilian maker of steel tubes used in the oil and gas industries, gained as industrial output expanded. Banks rallied, with the MSCI Brazil/Financial Index posting its biggest weekly gain since July, on speculation interest rates will increase less than expected.