Brazilian Industrial Production MoM (Dec) M/M -1.2% vs. Exp. -0.7% (Prev. 0.0%, Rev. From 0%)
Newsquawk Staff ·
Brazilian Industrial Production MoM (Dec) M/M -1.2% vs. Exp. -0.7% (Prev. 0.0%, Rev. From 0%)
What it means
The December industrial production in Brazil declined by 1.2% month-over-month, significantly worse than the expected decline of 0.7% and contrasting with the previous print of 0.0%. This larger-than-expected drop suggests potential weakness in the manufacturing sector, which may have implications for Brazil's economic growth outlook and could influence central bank policies moving forward.
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