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Brazilian trade has been sending some blended alerts. Output has elevated for 3 months in a row, the PMI index — a carefully watched gauge of the well being of producers — has been up over the previous 4 months, confidence ranges within the economic system are creeping up, and the sector added 122,400 jobs within the first quarter.
Nonetheless, the sector stays beneath pre-pandemic ranges, and a stable comeback doesn’t seem like on the horizon.
Whereas Covid has made issues more durable for factories, the virus isn’t the one issue; Business has been dropping relevance within the Brazilian economic system for at…
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