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Brazil’s industrial expansion loses momentum in April, but hires increase

RIO DE JANEIRO, BRAZIL - Brazilian industry started the second quarter losing steam, still negatively impacted by restrictions due to the Covid-19 pandemic, although it has registered employment growth, according to the Purchasing Managers' Index (PMI) survey.

Data released on Monday by IHS Markit showed that the Brazilian manufacturing PMI fell to 52.3 in April, from 52.8 in March, but still above the 50 mark that separates growth from contraction.

Despite the loss of . . .

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