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Brazil’s industrial production shrank 0.6% in October, is 4.1% below pre-pandemic – IBGE

RIO DE JANEIRO, BRAZIL - Brazilian industrial production shrank 0.6% in October, compared to September, according to the Monthly Industrial Survey - Physical Production (PIM-PF), released on Friday (03) by the Brazilian Institute of Geography and Statistics (IBGE).

In September, the indicator also dropped by 0.6%, seasonally adjusted, after the revised data (a drop of 0.4%). It is the fifth consecutive month of negative rates, during which the accumulated loss was 3.7%.

With the October result, the industry was 4.1% below the pre-pandemic level in February 2020. The performance was below the median estimate of . . .

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