Research Manager Bernardo Almeida explained that this performance is linked to the efforts to end or loose social isolation measures.
Car sales in Brazil increased 12.1 percent from January to July 2019 against the same period last year—1.38 million to 1.55 million vehicles. Comparing sales in July 2019 (243.6 thousand) with the same month in 2018 (217.5 thousand), the expansion reached 12 percent.
Brazil's industrial output was down 1.8% in March from February.
Brazil's industrial production increased 1.1% in June compared to May, the fourth consecutive month-on-month increase, the Brazilian Institute of Geography and Statistics (IBGE) reported Tuesday (Aug. 2).