In March, industrial production rose a seasonally adjusted 0.5% over the previous month, following on a 2.0% expansion in February. The reading overshot market expectations of a 0.2% increase, but came in below the stellar 3.4% expansion tallied in March 2010. The March reading this year was dragged down by Carnival holidays, which took place one month later than usual and thus resulted in fewer working days than in March 2010. As a result, industrial output contracted 2.1% over the same month the year before. However, owing to the resilient performance observed during the first quarter of the year, the index of industrial production surpassed the post-crisis peak observed in March last year, suggesting a strong contribution from the industrial sector to Q1 GDP growth. The expansion was widespread within the main used-based components, with capital goods production leading the way, expanding a strong 3.4% over the previous month, followed by a 4.1% increase in durable goods output. The trend continued to indicate a less exuberant expansion this year, with annual average growth in industrial production decreasing from 8.7% in February to 6.8% in March.
Industrial production moderates in March
May 3, 2011
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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.