According to a report released by Brazil's Institute of Geography and Statistics (IBGE) this week, South America's largest country's industrial production closed out 2024 with a 3.1% from 2023's figures. These results, driven by rising employment and income, were the third-highest annually in the last 15 years.
Brazil’s industrial output plunged by 4.5% last year as the coronavirus pandemic battered Latin America’s largest economy, particularly the auto and clothing industries, the national statistics institute reported on Tuesday.
The founder of Brazilian automaker CAOA said on Monday he is negotiating with Chinese business executives to make a joint acquisition of a Ford Motor Co plant near Sao Paulo.