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Brazil's May PMI at 49.3 is unchanged from April, but remains in contraction territory, with...

Brazil's May PMI at 49.3 is unchanged from April, but remains in contraction territory, with export orders falling to their lowest level of 2012. "(The) manufacturing sector is going through a particularly difficult time, squeezed between rising costs on one side, and competition from imports on the other," says HSBC.
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