In May, industrial production declined a seasonally adjusted 0.9% over the previous month. The fall followed on the 0.4% decrease observed in April (previously reported: -0.2% month-on-month) and exceeded market expectations of a 0.6% decline. Compared to the same period of 2011, industrial output fell for a ninth consecutive month and contracted 4.3% in May (April: -3.5% year-on-year), the sharpest decline in almost three years. Of the 27 categories surveyed by the Brazilian Institute of Geography and Statistics (IBGE), 14 categories registered a decrease in output. The largest fall was observed in consumer goods, followed by capital goods. The trend continues to point downwards, with annual average growth in industrial production falling from minus 1.2% in April to minus 1.8% in May. Poor performance of Brazil's industry remains a cause for concern, despite weaker real as well as a series of stimulus measures implemented in recent months to boost industrial output.
Industrial production falls for third consecutive month in May
July 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.