São Paulo Industrial Output Dips 0.2% MoM in August, Outperforms National Drop

São Paulo's industrial production fell 0.2% month-on-month in August, better than the national decline of 0.6%, per IBGE. Year-on-year, output is down 2.5%, indicating persistent weakness in Brazil's largest industrial state. The data suggests regional divergence and ongoing contraction in the industrial sector, relevant for growth expectations.