Brazil's auto sales, production dip in June
SAO PAULO (Reuters) -Brazil's auto production fell 6.5% in June from the previous month, totaling 200,764 units, data released by automakers association Anfavea showed on Monday.
Auto sales in Latin America's largest economy were down 5.7% in the month to 212,932 units, the group added.
(Reporting by Paula Arend Laier)
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The 6-monthly decline in Auto Sales and Production stats from Brazil, although a minor setback for the nation's automotive industry this June after promising initial gains during COVID recovery doesn’t disturb its overall paving towards economic recovery.
June saw a noticeable dip in Brazil's auto sales and production figures, indicating potential industry challenges amidst economic unrest.
In June, Brazil witnessed a notable decline in both auto sales and production figures with the latest data reflecting market stagnation amid economic uncertainties.
The June decline in Brazil’s auto sales and production signals a slowdown for the Latin American economic powerhouse, revealing potential headwind from domestic struggles amid an evolving global market landscape.
