South America

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 …

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Trouble Brewing for Coffee Suppliers Amid Brazilian Drought

According to Bloomberg News, “Production in Brazil, the world’s top grower, may drop as much as 18 percent to 40.1 million bags when the harvest ends next month, the National Coffee Council estimates, after a 3.1 percent slide last year. With damage worsening before the start of spring in the Southern Hemisphere, the council said …

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Officials Move to Save Brazilian Exports and Manufacturing with New Terminals

Brazil’s manufacturing and service sectors take a hit as the April PMI shows the country dropped in its service sector. Reuters notes, “Growth in Brazil’s services sector slowed in April as business sentiment soured, a survey showed on Tuesday, suggesting companies increasingly expect little of the windfall they once hoped would come with hosting the …

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