EThis marks the third consecutive month of negative results, according to Brazil’s National Bank, highlighting a significant decline in the industry sector, where production fell by 1.1% compared to June.
The Brazilian economy is feeling the effects of high interest rates, which average 15%, reflecting the Central Bank’s effort to control inflation, currently at 5.13%.
For the current year, the financial market forecasts a GDP growth of 2.1%, slightly below the government’s projection of 2.3%.
