Brazil Factory Output Shrinks
Brazil Factory Output Shrinks

Brazil Factory Output Shrinks

Brazil Factory Output Shrinks

Industrial output in Brazil shrank at the steepest rate in seven months in March, a bigger-than-expected decline highlighting uncertainty about a long-awaited economic recovery despite a string of interest rate cuts. Industrial production fell 1.8% from February, government statistics agency IBGE said on Wednesday. The median forecast of economists in a Reuters poll predicted a decline of 1%. Industrial output has returned to 2009 levels as the country plunged into its deepest recession ever, driving up unemployment and adding to discontent ahead of next year’s wide-open presidential election. Output fell in 15 out of the 24 industrial sectors surveyed by IBGE, including automakers, pharmaceutical companies and oil refineries.


Short URL : https://goo.gl/HevwQc
  1. https://goo.gl/xM2JKE
  • https://goo.gl/9RO5RZ
  • https://goo.gl/OtWXHa
  • https://goo.gl/CEZEoz
  • https://goo.gl/E6IpJM

You can also read ...

Innovation, Technology Should Boost Hong Kong Economy
Innovation and technology will become profitable in Hong Kong...
Government data shows the number of jobs created in July fell to the lowest levels in over eight years.
South Korea’s ranking officials revealed a disparity in their...
As technological progress makes people richer in terms of many basic goods and services, it may be inevitable  that more human activity is devoted to zero-sum competition for available income and assets.
Across the global economy, the potential for automation seems...
Annual expansion in the second quarter fell to 4.5%.
Malaysia cut its full-year growth forecast and reported much...
Trade War Won’t Dent China GDP
Analysts are trying urgently to evaluate the potential impact...
India’s CAD to Widen to 2.5 Percent of GDP
India’s current account deficit will widen to 2.5% of the GDP...
Canada Inflation Surges
Canada’s inflation rate surged to 3% in July, fueled by rising...
Italy to Launch New Infrastructure Plan
The government will launch a plan aimed at making Italy’s...

Add new comment

Read our comment policy before posting your viewpoints