* Brazil’s national statistics institute (Ibge) has released the latest figures on industrial activity, according to which industrial production fell sharply in April, by 18.8% compared with March, and by 27.2% year-on-year. This is the most pronounced fall in industrial activity since the historical series began in 2002. The Ibge’s
André Macedo notes that the results in April, the second consecutive month of negative results, reflect the paralysation of production units and various segments of the industrial sector as a result of the coronavirus (Covid-19) pandemic. The automotive sector was the hardest hit, with production falling 88.5% month-on-month.
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