Is Brazil’s Manufacturing Slowdown a Result of the World Cup or High Labor Costs?
According to Reuters, “Output at factories and mines rose a seasonally adjusted 0.7 percent in July from June, statistics agency IBGE said on Tuesday. That surpassed expectations of a 0.5 percent increase forecast, according to a Reuters survey of 20 analysts. Industrial production had fallen 1.4 percent in June from May, partly due to the…