RIO DE JANEIRO, BRAZIL - Industrial production in Brazil shrank in ten of the 15 states surveyed by the Brazilian Institute of Geography and Statistics (IBGE) from January to February of this year. The biggest drops were observed in Ceará (-7.7%), Pará (-7.4%), and Bahia (-5.8%), according to data released today (8).
The states of Paraná (-2.5%), Santa Catarina (-1.5%), São Paulo (-1.3%), Rio Grande do Sul (-1.1%), Pernambuco (-1.1%), and Amazonas (-0.9%) also showed decreases in production. The Northeast Region, the only one analyzed as a whole, had a loss . . .