Home / Breaking News / Brazil’s Industrial Production Posts Record Rise

Brazil’s Industrial Production Posts Record Rise

Industrial production in Brazil increased by 7% during May, recording its biggest rise on record.

This comes as economic activity in Brazil resumed after two months of lockdown due to the spread of the coronavirus disease (COVID-19).

On an annual basis, industrial production decreased in Brazil by 21.9%.

Check Also

Market Drivers: US Session – US Jobs Data and Eurozone Flash CPI in Focus

The US Dollar (USD) came under renewed selling pressure at the start of the trading …