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