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LatinNews Daily - 06 December 2021
In brief: Another negative month for Brazil’s industrial sector
* Brazil’s national statistics institute (Ibge) has released the latest figures on Brazil’s industrial sector, which suffered a monthly contraction for the fifth consecutive month. Industrial production fell by 0.6% in October compared with September and has accumulated losses of 3.7% over the five months to October. In year-on-year terms, industrial production shrank by 7.8% in October. According to the Ibge’s research coordinator, André Macedo, the industrial sector’s continued poor performance is a direct consequence of the coronavirus (Covid-19) pandemic and its impacts.
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