* The government-led Instituto de Pesquisa Econômica Aplicada (Ipea) in Brazil has released the latest figures for its gross fixed capital formation indicator (FBCF), which show that investments in November 2019 decreased by 1% compared with October 2019 (seasonally adjusted), and by 1.8% compared with November 2018. This fall was driven by a 4% monthly decrease in investments in machinery and equipment. The FBCF indicator for the 12 months to November 2019 expanded by 2.1%, showing a deceleration in investments from a 2.6% expansion in the 12 months to October 2019.
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