Brazil’s industrial output rose in July, countering a trend of declines seen in the previous five months. The IBGE statistics institute reported industrial production rose by 0.7% during the month, but was still 3.6% lower than the same month a year earlier. Capital goods production rose 16.7% from the previous month, but fell 6.4% from a year earlier, the IBGE said.  Consumer goods output, meanwhile, was up 7.1% from June, but declined 2.8% from July 2013. Among consumer goods, durable goods production rose 20.3% in the month, while output of non-durable and semi-durable goods were up by 0.7% each. The latest rebound in industrial output figures may bring some much-needed life to Brazil’s so far lackluster economic performance this year.  According to a central bank market survey this week, the country’s economy is seen expanding by only 0.5% in 2014 after registering growth of 2.3% in 2013.