Data Released by IBGE Shows Drop in Industrial Production Across Various Regions of the Country
According to data released yesterday (14) by IBGE (Brazilian Institute of Geography and Statistics), for the first time in eight years, Brazil’s industrial production fell in all 15 surveyed locations. The country’s overall decline was 9.1% in March.
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Some states suffered more than others, such as Ceará, which recorded a drop of 21.8%, followed by Rio Grande do Sul with 20.1% and Santa Catarina with 17.9%.
It is the first time since the beginning of the survey with 15 locations (2012) that there has been a decline in all surveyed areas. Not even the truck drivers’ strike in May 2018 surpassed such a scenario.
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The prospector who heard about the advance of soy in Maranhão and opened a grocery store in Balsas in 1986 transformed that small store into Grupo Mateus, the third largest supermarket in Brazil, with revenues of R$ 43.5 billion and 490 units.
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Fiserv, the world’s largest payment processor, has just inaugurated its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
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Fiserv, the world’s largest payment processor, has just opened its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
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Pix could become a headache between Brazil and the US, and the Lula government will go to the White House to explain the system before pressure mounts.
The states with the largest declines, after Ceará, Rio Grande do Sul, and Santa Catarina, were Pará (-12.8%), Amazonas (-11.0%), and the Northeast Region (-9.3%). In São Paulo, the percentage was 5.4. The state concentrates more than one-third of the national industry (34%).
Below are the states and their respective values:
Amazonas: -11%
Pará: -12.8%
Northeast Region: -9.3%
Ceará: -21.8%
Pernambuco: -7.2%
Bahia: -5%
Minas Gerais: -1.2%
Espírito Santo: -6.2%
Rio de Janeiro: -1.3%
São Paulo: -5.4
Paraná: -4.9%
Santa Catarina: -17.9%
Rio Grande do Sul: -20.1%
Mato Grosso: -4.1%
Goiás: -2.8%
Brazil Average: -9.1%
The analysts’ forecast for industrial production this year is a decline of 3%.

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