RIO DE JANEIRO, July 2 (Reuters) - Industrial production in Brazil fell 0.6 percent in May from April, government statistics agency IBGE said on Wednesday.
The drop was in line with the 0.55 percent decline forecast in a Reuters survey of 24 analysts. Forecasts ranged from no change to a 1.1 percent fall.
May’s industrial production fell 3.2 percent from a year earlier, in line with estimates, which ranged from a 4.9 percent decline to a 1.0 percent expansion. (Reporting by Rodrigo Viga Gaier and Felipe Pontes; Writing by Asher Levine Editing by W Simon)