RIO DE JANEIRO, BRAZIL - Brazilian industrial production shrank 0.4% in September, compared to August, according to the Monthly Industrial Survey - Physical Production (PIM-PF), released on Thursday (04) by the Brazilian Institute of Geography and Statistics (IBGE). In August, the indicator had a drop of 0.7% in the seasonally adjusted series.
With the September result, the industry was 3.2% below the pre-pandemic level in February 2020. Moreover, it is also 19.4% below the record level of the survey, recorded in May 2011.
This is the fourth consecutive negative monthly result, accumulating a loss of 2 . . .
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