Brazil Manufacturing Revenue Drops 2% in July; Hours Worked Up Slightly

Brazilian manufacturing industry revenue fell 2% month-on-month in July, with a 0.5% decline in the first seven months versus 2025, per CNI data. Hours worked rose 0.2% and capacity utilization edged up to 77.4%, signaling mixed but weak industrial momentum. The data points to continued softness in Brazil's industrial sector, which may weigh on growth expectations.