Brazilian vehicle production increased by 2.8% year on year in the first half of 2019 but the pace of growth lost steam from the first five months of the year, data from national car manufacturers association Anfavea showed on Thursday July 4.
Output totaled 1.47 million units in the January-June period compared with 1.43 million units a year earlier. In the first five months of 2019, volumes had risen by 5.3% to 1.24 million units from 1.18 million units during the same period of 2018."[Figures were] marginally negative for the sector, as growth continues to decelerate," JP Morgan analysts Marcelo Motta and Guilherme Mendes wrote in a...