Brazil's machinery exports grow in February
Brazil's industrial machinery and equipment exports rose 4.2% year-on-year to US$607mn in February, state news service Agência Estado reported, citing data from industry association Abimaq.
Machinery imports dipped 14% to US$888mn in the month, Abimaq stated. As a result, the segment's trade deficit reached US$280mn in February, down 37.5% year-on-year and 58.7% lower than that in January.
The industry's capacity utilization rate increased 0.8% in February compared to the previous month.
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