In December, industrial production contracted a seasonally adjusted 0.7% over the previous month, which followed a 0.2% drop tallied in November. The reading surprised to the downside, as market analysts expected growth of 0.9%. On an annual basis, industrial output rose 2.7% in December, despite the previous year's unfavourable base effect when activity soared 19.0%. According to the Brazilian Institute of Geography and Statistics (IBGE, Instituto Brasileiro de Geografia e Estatistica), 11 of 26 sectors contracted in December. On a use-based classification, capital goods production dropped 0.5% over the previous month (November: +3.2% month-on-month) and the manufacture of consumption goods decreased 0.9% over the previous month (November: +0.4% mom). Vehicle production, which has been an important growth driver in 2010, expanded 0.1% in December (November: -0.6% mom). In the fourth quarter, industrial output rose 0.1% over Q3 in seasonally adjusted terms (Q3: -0.6% qoq sa). Despite weaker growth in the final months of the year, industrial production rebounded from the 7.4% contraction recorded in 2009, expanding 10.4% in 2010 ? the fastest pace in 24 years.
Industrial production grows at fastest pace in over two decades
February 2, 2011
Looking for forecasts related to Industry in Brazil? Download a sample report now.
Brazil Economic News
October 25, 2016
Brazil’s current account balance improved in September, continuing to build on the considerable gains made over the past year.
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.