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Industrial production drops 1.6% in January after two months of growth
From agenciadenoticias.ibge.gov.br
Industrial production fell 1.6% from December 2023 to January 2024, after accumulating expansion of 2.9% in the period August-December 2023. With these results, the sector is still 0.8% below the pre-pandemic level (February 2020) and 17.5% below the record level reached in May 2011. In comparison with January 2023, there was an increase of 3.6%. In 12 months, the industry accumulated an increase of 0.4%. The result marked the most intense drop since April 2021 (-1.9%) and interrupted two consecutive months of positive rates: December (1.6%) and November 2023 (0.6%). “Even with the industrial sector recording a ... (full story)