Brazil Industry Continues in Slide

By Lucy Jordan, Contributing Reporter

BRASÍLIA, BRAZIL - Despite a raft of recent stimulus measures, data released last week showed Brazilian industry continuing to perform poorly over recent months, as it reacts to the crisis in Europe and lower global demand for commodity exports. Industrial production shrank in May for the third consecutive month according to data released by the Instituto Brasileiro de Geografia e Estatística (IBGE, Brazilian Institute of Geography and Statistics).

Output declined 0.9 percent from April, and was 4.3 percent lower than May . . .

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