Industrial Production Struggles to Recover from Recession in Brazil

Reduced business optimism has led confederation to forecast more layoffs in the industry in the coming months.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazilian industry production fell again in April after slightly recovering in March according to the National Confederation of Industry (CNI). A CNI survey released on Wednesday shows that both production evolution and utilization of installed capacity were below fifty points, revealing a decrease.

“The Industrial Survey indicates that the industry still faces difficulties to overcome the economic recession faced by the country,” says the CNI’s Industrial Survey, adding, “The data generally represent a reversal of the positive data of March.”

According to the survey the indicator which measures

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