LatinNews Daily - 05 August 2020

* Brazil’s national statistics institute (Ibge) has released the latest figures for industrial production, which has recorded a positive result for the second month running. Industrial production grew by 8.9% month-on-month in June, with an improvement in 24 of the 26 categories surveyed, and a notable 70% monthly increase in vehicle production. However, this remains insufficient to reverse the deep 26.6% drop in activity recorded in March and April, a direct consequence of the coronavirus (Covid-19) pandemic and measures taken to contain it: industrial production has accumulated losses of 10.9% in the first six months of 2020, and seen -5.6% variation in the 12 months to June 2020. Year-on-year production in June fell by 9%.

End of preview - This article contains approximately 118 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial