Silvio Cascione – Reuters, 07/02/2012
SAO PAULO, July 2 (Reuters) – Brazil’s manufacturing output in June shrank for the third straight month in the latest sign that a battery of government stimulus measures have yet to spur economic growth, a survey showed on Monday.
The HSBC Purchasing Managers’ Index (PMI) for the Brazilian manufacturing sector fell to 48.5 in June from 49.3 in May after seasonal adjustments, the lowest since October and below the 50 mark that divides growth from contraction.
Both showed both output and new orders posted the strongest pace of decline in eight months as demand remained weak, prompting companies to cut jobs for the third month in a row.
[...] around Brazil’s continued measures to stimulate the economy. With a falling trade surplus and factory output on the decline, the government has been eager to recoup their losses, accelerate production, and encourage [...]