Brazil’s Industrial Production Drops 0.9% in May Amid Southern Floods

In May, Brazil’s industrial production fell 0.9%, the second consecutive decline after April’s 0.5% drop, reports IBGE. This reduction erased the 1.1% gain achieved between February and March. Consequently, the industry now operates 1.4% below the pre-pandemic level of February 2020 and 17.8% below its peak in May 2011. Compared to May 2023, industrial production […]