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LatinNews Daily - 24 June 2021

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In brief: Positive signs for Brazil’s industrial sector

* Brazil’s Confederação Nacional das Indústrias (CNI) business lobby has released its latest survey on the industrial sector, which points towards positive results for the sector in May. The CNI’s industrial production index stands at 52.8 points in May (on a scale of 0 to 100, where a figure above 50 indicates growth), the highest level for the month since 2017. The index for employment in the industrial sector has also risen, to 51.1 points, after 11 months of negative performance. The CNI’s survey also found that optimism amongst businesses in the industrial sector is growing, with the index for demand forecast in June standing at 59.9 points, its highest point in 2021 so far, while the investment intention index for June also rose compared with previous months, to 57 points, above the historical average.