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Chart:
Brazil is pretty close to the bottom. April industrial production figures surprised slightly
Chart:
Brazil is pretty close to the bottom. April industrial production figures surprised slightly on the upside, but still declined by 1.2% from March. IP is down 7.6% from April of last year. And year-to-date, IP is down 6.3%. It’s likely now that Brazilian companies will at least plateau and then pick up the slack. (sources: Frobes, BarCap)
Chart:
Brazil is pretty close to the bottom. April industrial production figures surprised slightly on the upside, but still declined by 1.2% from March. IP is down 7.6% from April of last year. And year-to-date, IP is down 6.3%. It’s likely now that Brazilian companies will at least plateau and then pick up the slack. (sources: Frobes, BarCap)
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