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Brazil's industrial output flat in November amid high interest rates

BY Reuters | ECONOMIC | 01/08/26 07:25 AM EST

SAO PAULO, Jan 8 (Reuters) - Industrial production in Brazil remained unchanged in ?November from October, government statistics agency ?IBGE said on Thursday, amid ?signs that high interest ?rates are ?slowing activity in Latin America's largest economy.

* ?The median ?estimate in a Reuters poll projected an increase of 0.2%.

* ?Production in ?November ?fell 1.2% from a year earlier, while markets expected a 0.1% ?drop.

* Output was down in two of the four main categories surveyed in November, according to IBGE.

* The main ?negative ?influence came from extractive industries, which declined 2.6% in ?the month, the agency added.

* High borrowing costs continue to weigh on the sector, as the central bank maintains

interest rates

near a two-decade ?high of 15% in a bid to tame persistent inflation.

(Reporting by Isabel ?Teles; Editing by Gabriel Araujo)

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