Reuters, 10/02/2012
Industrial production in Brazil expanded in August at the fastest pace in 15 months thanks to heavy government stimulus, underlining signs of recovery for struggling manufacturers.
Output grew 1.5 percent in August from July, government statistics agency IBGE said on Tuesday, less than the 2.0 percent growth forecast in a Reuters survey but more than every month since May 2011.
Industry has been a weak spot in the Brazilian economy in recent years, prompting President Dilma Rousseff to introduce a string of tax breaks, credit incentives and other measures to support local factories.
