Brazilian economic authorities have last week disclosed the monthly inflation for March of 2022: It was 1.62%, the highest for the same period in the last 28 years, making the year-on-year accumulation reach 11.30%, way above expectations.
Brazil s National Association of Automotive Vehicle Manufacturers, ANFAVEA said that the 2021 market had a significant improvement to the critical production level of 2020, but was still short of the potential of the industry both in domestic and foreign markets. Nevertheless, Brazilian exports of automobiles reach US$ 7,6 billion.
Brazil sees modest auto industry growth in 2021 just-auto.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from just-auto.com Daily Mail and Mail on Sunday newspapers.
Total automotive production in Brazil reached 206,042 units in November, falling by 13.50% from 238,200 units in the same month of 2020 due to a component shortage, national auto manufacturers’ association Anfavea said on Monday December 6.