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LatinNews Regional Monitor: Brazil & Southern Cone - 03 May 2019

In brief: Brazil

* Brazil’s national industry confederation (CNI), a private sector lobby, has released statistics on industrial activity which show that the industrial sector’s problems are persisting. Revenue fell by 6.3% in March compared to February, while production hours worked, a measure of the level of activity, fell by 1.5%. “Since the [May 2018] lorry drivers’ strike, the sector has failed to engage in a sequence of good results which could suggest the recovery of economic activity”, the CNI says. CNI economist Marcelo Azevedo identifies three issues which are preventing the recovery of the industrial sector: lack of demand, excess stock, and companies’ precarious finances.