Industrial production in Brazil fell by more than expected in April from March, data from government statistics agency IBGE showed on Friday, underscoring the difficulties faced by the sector against a backdrop of high borrowing costs. Output slipped 0.6% in the period, more than the 0.2% drop forecast by economists in a Reuters poll, a reading that keeps the sector below pre-pandemic levels and might add further pressure on the central bank to start cutting interest rates. Production fell in three of the first four months of 2023, IBGE stressed, with April the worst of them as 16 of the 25 areas surveyed posted ... (full story)