In April, industrial production contracted a seasonally adjusted 2.1% over the previous month, contrasting a 1.1% expansion in March. The reading came as a surprise to market analysts, who had anticipated a modest 0.2% increase, and represented the largest decline in output since December 2008. Compared with the same period last year, industrial production fell 1.3% (March: -1.4% year-on-year). Of the 27 categories surveyed by the Brazil Institute of Geography and Statistics (IBGE), 13 categories posted a reduction in output levels. The most significant decline was observed in the production of machinery, where output fell a seasonally adjusted 5.4% over the previous month. The production of capital goods contracted 2.9%, which suggests that investment may have slackened at the outset of the second quarter. As a result of April's weak performance, the trend continued to deteriorate, with annual average growth in industrial production decreasing from 6.9% in March to 5.4% in April.
Industrial output declines sharply in April
May 31, 2011
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Brazil Economic News
October 19, 2016
At its 19 October meeting, the Central Bank’s Monetary Policy Committee (COPOM, Comite de Politica Monetaria) decided to cut the benchmark SELIC interest rate for the first time in four years, lowering it from 14.25% to 14.00%.
October 18, 2016
Retail sales (excluding cars and construction) fell 0.6% in August from the previous month in seasonally-adjusted terms.
October 7, 2016
Consumer prices in September increased 0.08% over the previous month, the lowest rise since July 2014.
October 4, 2016
In August, industrial production plunged 3.8% over the previous month in seasonally-adjusted terms, which significantly contrasted the 0.1% expansion recorded in July and marked the worst result since January 2012.
October 3, 2016
The Markit manufacturing Purchasing Managers’ Index (PMI) rose slightly in September, increasing from August’s 45.7 to 46.0.