Brazil’s industrial production fell by 4.5% in the first quarter of 2022

According to data released by the state-owned Brazilian Institute of Geography and Statistics (IBGE), in March alone, industry activity in South America's largest economy slowed by 2.1% compared to the same month last year.

RIO DE JANEIRO, BRAZIL - Industrial production in Brazil retreated by 4.5% in the first quarter of the year compared to the first three months of 2021, still impacted by the shortage of raw materials in the market, the government reported on April 3.

According to data released by the state . . .

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