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Brazil industry declines -0.2% in May, interrupting four consecutive increases
From agenciadenoticias.ibge.gov.br
Industrial production fell 0.2% in May compared to April, the first negative result after four consecutive months of growth. With this result, industry is 4.5% above pre-pandemic levels (February 2020), but still 13.0% below the record level reached in May 2011. The data comes from the Monthly Industrial Survey (PIM), released today (3), by IBGE. Among the activities, compared to April, the most intense negative influences came from coke, petroleum products and biofuels (-6.1%) and extractive industries (-2.6%). “Both activities interrupted five consecutive months of expansion in production, a period in which they ... (full story)
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