In November, industrial production contracted 0.1% over the previous month in seasonally adjusted terms. The decline followed two months of growth (September: +0.1% month-on-month; October: +0.3% mom) and came in below market expectations that industrial production would rise 0.1%. On an annual basis, industrial output expanded 5.3% in November (October: +1.8% year-on-year). The monthly contraction reflected a notable deterioration in food production (-2.1% month-on-month) and pharmaceuticals (-2.0% mom). In contrast, capital goods output rose 3.2% compared to the previous month. Due to the weak November reading, the annual average growth rate remained flat at the 11.7% recorded in October, thus ending an unbroken rise in the annual average growth rate observed during the past 12 months.
Industrial production declines in November
January 5, 2011
Looking for forecasts related to Industry in Brazil? Download a sample report now.
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.