National industry regains strength

Measures that reorganised the economy, favourable interest rate conditions and lower inflation were some of the factors that consolidated Brazil's way out of the worst recession in its history. As a result, consumption increased, companies employed more people and Brazilian industry has begun resuming its productive force. If the economic reforms are completed - especially pension reform - the expectation is even greater: more investments, more jobs and more growth in all production chains.

In June 2016, domestic industry output had accumulated a 9.7% YoY decrease. In the last 12 months up to September this year, that trend has been fully reversed, with 0.4% growth. This shows that the industrial sector has recovered from a long idle period and started to produce more, creating even more jobs and income.

In another sign of recovery, month-to-month results are even more encouraging; there have been five consecutive months of growth, and only two months of decline.

As a result, important sectors are now beginning to show signs of momentum and recovery during the year. Vehicle production is up 12.7% in the last 12 months; mining and quarrying has grew by 4.6% in the same period. These results are a reflection of economic growth, which came in the wake of the economic measures adopted by the Brazilian government.