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Brazil’s Industrial Production Unexpectedly Stalls in August

Brazil’s industrial production unexpectedly stalled in August, as factories reduced output of consumer goods.

Industrial production was unchanged in August after tumbling a revised 2.4 percent in July, the national statistics agency said today in Rio de Janeiro. That compares with the median 0.2 percent rise estimate from 34 economists surveyed by Bloomberg. Production fell 1.2 percent from a year earlier, a greater drop than the 0.6 percent contraction predicted by economists, and down from a revised 1.7 percent jump in July.