Brazilian industrial production plunged 2.4% in November against the previous month and 12.4% against November of 2014, the Brazilian Census Bureau (IBGE) said Thursday. Industrial output was hurt in November by a two-week oil workers strike and a severe slowdown in mining activities after an accident at the Samarco mines in Minas Gerais state. More broadly, industrial production has been hit by declining consumer demand, inflation and high interest rates. It was the sixth month-on-month decline in industrial output in a row.
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