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Economy / Brazil


April 2012 | Data Release

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Despite a weak industrial production reading of -3.25% y-o-y in January, we anticipate a slight pick-up over the coming quarters, in line with our end-2012 forecast of 2.5%. This view is bolstered by an improvement in Brazil's manufacturing purchasing managers index (PMI) in recent months, coming in at 51.4 in February.