Brazil's June industrial output drops a greater-than-expected 1.6% bringing the Y/Y gain down to...

|By:, SA News Editor

Brazil's June industrial output drops a greater-than-expected 1.6% bringing the Y/Y gain down to just 0.9%. Combined with another report showing Brazilian exporters losing market share abroad, it's more evidence of the real's strength putting a significant bite on the economy. Brazil ETF: EWZ -2.7%. Real ETF: BZF flat.