Brazil May Industrial Output Rises More Than Expected

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13:38 GMT

Jul 2009

Brazil May Industrial Output Rises More Than Expected

(RTTNews) - Thursday, Brazil’s statistical office IBGE said in a report that the industrial production rose a seasonally adjusted 1.3% month-on-month in May. Economists were looking for an increase of 0.8%.

On an annual basis, industrial production dropped 11.3% in May Economists had predicted a decline of 12%.

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