Mantega says Brazil economy accelerating, industry going well

BRASILIA Tue Dec 4, 2012 10:07am EST

BRASILIA Dec 4 (Reuters) - Brazil's economy is "undoubtedly" accelerating, though not as fast as the government wanted, Finance Minister Guido Mantega said on Tuesday during a Senate hearing.

Mantega also said he is confident industry will continue to perform well. Earlier on Tuesday, government data showed industrial output posted its first annual increase in more than a year in October.

Mantega has promised more stimulus measures to lift an economy that has repeatedly disappointed with weaker-than-expected growth despite a string of tax and interest rate cuts.