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Brazilian July industrial production down 1.3% from June – IBGE

RIO DE JANEIRO, BRAZIL - Brazilian industrial production shrank 1.3% in July, compared to the previous month, according to the Monthly Industrial Survey - Physical Production (PIM-PF), released on Thursday by the Brazilian Institute of Geography and Statistics (IBGE).

In June, the indicator had a 0.2% retraction in the seasonally adjusted series after revised data (it was stable).

With the July result, the industry was 2.1% below the pre-pandemic level in February 2020. The performance was below the median estimate of 34 financial . . .

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