Industry

Brazilian industrial production increased by 7% in May

Brazilian industrial production increased by 7% from April to May this year, according to IBGE. The rise, which is the highest since June 2018 (12.9%), came after two successive declines due to the coronavirus in March (-9.2%) and April (-18.8%). Industrial production accumulated falls of 8% in the quarterly, 11.2% for the year and 5.4% for the 12-month period.

Source: Agencia Brasil