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Brazil Flash: ”Industrial production surprises to the downside and reinforces signs of slower than expected recovery”

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Published on Wednesday, May 2, 2012

Brazil Flash: ”Industrial production surprises to the downside and reinforces signs of slower than expected recovery”

Industrial production dropped 0.5%m/m in March and frustrated markets which expected a 1.2%m/m expansion. The result should reinforce the concerns about industrial sectorâ€™s lack of competitiveness.