Brazilian Industry Registers its Worst Result in two Years

“The Industry is currently producing the equivalent to what it produced in January 2009, we are on the same level we were 10 years ago."

By Richard Mann, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Brazil's industrial output dropped at the strongest pace for March in two years, followed by a second quarter in contraction, in an economy that has been showing increasing signs of slowness.

In March, industrial output fell 1.3 percent compared to the previous month, phasing out a gain of 0.6 percent in February, according to data released Friday by the Brazilian Institute of Geography and Statistics (IBGE).

The result was worse than Reuters poll's expectation of a 0.7 percent decline, representing the biggest decline for the month . . .

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