Brazil’s industrial production fell by 0.4% in the latest report, a significant decline from the previous month’s increase of 0.7%. This marks a 1.1 percentage point drop, indicating a reversal in the industrial sector’s recent growth trend.
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The actual decrease of 0.4% was slightly better than analyst estimates of a 0.5% decline. This smaller-than-expected drop may provide some relief to the stock market, particularly for industrial and manufacturing sectors. However, the negative growth could still weigh on market sentiment in the short term, as investors reassess growth prospects.