Brazil Daily

Brazilian industry recovering … slowly

We’re covering Brazil’s latest industry figures. A proposal to fast-track mining projects. The coronavirus spread within the presidential cabinet. And a win for Lula against Sérgio Moro.

Understanding Brazil’s latest economic figures

Brazil’s industry grew 8.9 percent in June, following May’s 8.2-percent growth. But despite two very positive months, the truth is that Brazil’s industry remains far below its pre-pandemic level — which was already underwhelming. Brazil’s general industry index, compiled by the country’s official statistics agency, remains almost 25 percent below January 2010 levels.

  • Industry performance is also 13.4 percent lower than February’s levels, and 10.9 percent down...

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