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Brazilian industry starts 2023 in contraction for the 3rd month in a row

Brazil's industrial activity began in 2023 with a slight improvement in relation to December 2022 but is still in contraction, according to a survey released on Wednesday, February 1, by S&P Global.

The Purchasing Managers' Index (PMI) survey shows that the Brazilian industry rose to 47.5 in January and 44.2 in December, remaining below the 50 mark that separates growth from contraction.

According to the survey, goods producers revealed that . . .

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