Rise in Industrial Output in Brazil
Brazil's economy certainly seems to be going through a good moment. I'll try and get into all this in a bit more depth when I have all the tech and admin details of the blog a bit straighter. Stephen just told me comments weren't working. They should be fixed now.Brazil's industrial production rose for the first time in six months in September, a sign South America's biggest economy has started to pull out of a slump, the government said. Output rose 4.2 percent in September from the year earlier period after shrinking 1.8 percent in August, the national statistics agency said. The median forecast of seven economists surveyed by Bloomberg was for a rise of 2.2 percent in the indicator. September was the first month of growth in output on a year- on-year basis since March's 0.7 percent rise. Seasonally adjusted output rose 4.3 percent from the month of August, the agency said. "The country has good reasons to be optimistic, but cautiously because recuperation is always a gradual process,'' said Paul Altit, chief financial officer for Braskem SA, Latin America's largest petrochemical company, in a televised interview with Bloomberg.