São Paulo – Investment was up 0.4% in Brazil in February from January, according to the Gross Fixed Capital Formation indicator issued this Thursday (4) by the Institute for Applied Economic Research (Ipea). Investment also climbed 10.1% year-on-year in February and 5.2% in the 12 months through February.
The hike was driven by apparent consumption of machinery and equipment, up 2.9% month-on-month. The indicator also factors in purchases for civil construction and other fixed assets, both of which declined during the month.
Translated by Gabriel Pomerancblum
