In July, industrial production rose a seasonally adjusted 0.3% over the previous month. The increase was above both the 0.2% rise observed in June and market expectations of a flat reading. In annual terms, industrial output fell for an eleventh consecutive month and contracted 2.9% in July (June: -5.6% year-on-year). Of the 27 categories surveyed by the Brazilian Institute of Geography and Statistics (IBGE), 12 of them registered an increase in output. The largest increase was observed in capital goods, followed by intermediate goods. As a result of the annual contraction in July, the trend continues to point downwards, with annual average growth in industrial production falling from minus 2.3% in June to minus 2.6%.
Industrial production gathers pace in July
September 4, 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.