Brazil's Industrial Output Declines Amid High Borrowing Costs

Reported about 19 hours ago

Brazil's industrial production has decreased for the second consecutive month, indicating that high borrowing costs are negatively impacting the sector reliant on credit. In November, output fell by 0.6%, slightly lower than analysts' expected 0.7% drop, although it showed a 1.7% increase compared to the same month last year.

Source: YAHOO

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