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Industrial production has lost pace and retreats 0.6% in July
The country's industrial production slowed down and dropped by 0.6% from July to July. The sector had zero change in June (0.0%) and advance (0.3%) in May. Compared to July 2022, the drop was 1.1%. With the result, the industry accumulates a decrease of 0.4% in the year compared to the same period in 2022, and shows a null variation (0.0%) in the accumulated of the last 12 months. The data are from the Monthly Industrial Survey (PIM), released today (05) by the IBGE. "This result accentuates the movement of loss of rhythm, especially when compared with June and May", explains André Macedo, research analyst. ... (full story)