Brazil’s Industrial Production Slumps 9.1 Percent; Worst March in 18 Years

With the crisis triggered by the coronavirus, 23 of the 26 sectors surveyed by the Brazilian Institute of Geography and Statistics (IBGE) recorded negative results.

RIO DE JANEIRO, BRAZIL - Brazilian industry was severely affected by the coronavirus pandemic in March, with widespread losses and the lowest production level for the month in 18 years, pointing to even greater losses in April.

Brazil's industrial production plummeted 9.1 percent in March compared to the previous month, amid the shutdown of plants and companies across the country as a measure to contain Covid-19.

This is the poorest result since the 11 percent drop in May 2018, when truckers were on strike nationwide. It also represents the lowest reading for the month of March since 2002 . . .

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