By Lise Alves, Contributing Reporter

SÃO PAULO, BRAZIL – Industrial production fell by 0.6 percent in May registering the third consecutive negative result for the year, according to data from the IBGE (Brazilian Statistical Bureau). The accumulated retraction from January to May is now at 1.6 percent.

According to the IBGE, the decline of industrial production from April to May was mainly due to the negative results of 15 of the 24 industrial segments surveyed, among them Subscribe to our Premium Membership Plan. Already Subscribed? Login Here