In February, industrial production increased a seasonally adjusted 1.3% over the previous month. The rise contrasted the 1.5% decline observed in January (previously reported: -2.1% month-on-month) and exceeded market expectations of a 0.5% increase. In fact, the print marked the highest monthly increase since February last year. Compared with the same period of 2011, industrial output fell for a sixth consecutive month and contracted 3.9% in February (January: -2.9% year-on-year). Of the 27 categories surveyed by the Brazilian Institute of Geography and Statistics (IBGE), 18 categories registered an increase in output. The largest increase was observed in capital goods, followed by intermediate goods. The trend continues to point downwards, with annual average growth in industrial production falling from minus 0.1% in January to minus 1.0% in February.
Industrial production expands at fastest pace in a year
April 3, 2012
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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.