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4th Dec 2015 05:43Latin America, Economic Monitor

Industrial production data yesterday confirmed downside risks to Q4's GDP data in Brazil. Output fell 0.7% month-to-month in October, the fifth consecutive decline, pushing the year-over-year rate down to -11.2%, from -10.9% in September. This was the biggest drop since April 2009, when output collapsed by 14.2% during the global financial crisis. The October details were even worse than the headline, as all three broad-measures fell sharply.

brazil industrial output gdp october capital goods recession industry industrial pmi gdp copom retail sales industrial production

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Keywords for: 4 Dec. 2015 Brazil's Economic Mess Worsens Amid Deepening Political Crises

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