Brazil’s Industry Grows for Fifth Month as Confidence Rises

Brazil’s industrial output expanded for a fifth consecutive month in July as industry confidence grew on hopes that lawmakers will approve structural reforms proposed by the government of Michel Temer following his confirmation as the country’s president.

Production rose 0.1 percent in July from the previous month, slightly above the median forecast from 40 economists surveyed by Bloomberg, who expected zero growth. From a year earlier, industrial output fell 6.6 percent, the national statistics agency said.