Industrial production in Brazil falls 0.5% in May, as expected, says IBGE

A Brazilian industrial production He registered a drop of 0.5% in May compared to the previous month, said the Brazilian Institute of Geography and Statistics (IBGE) on Wednesday (2).

Compared to the same month of the previous year, production rose 3.3%.

Reuters survey expectations with economists were 0.5% in monthly and up 3.5% on the annual base.