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LatinNews Daily - 06 May 2020
In brief: Brazil’s industrial production tumbles in March
* Brazil’s national statistics institute (Ibge) has released figures which show that industrial production in March fell 9.1% month-on-month, and 3.8% compared with March 2019. This is the biggest dip in industrial production in Brazil since May 2018, when a lorry drivers’ strike paralysed the country. The sharp fall in production from February to March was felt across the whole sector and is largely due to the interruption of work in production plants due to efforts to contain the spread of coronavirus (Covid-19). In the first three months of the year, Brazil’s industrial production shrank by 1.7%.
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