In June, industrial production rose a seasonally adjusted 0.2% over the previous month. The increase contrasted the 1.0% decrease observed in May (previously reported: -0.9% month-on-month) but was below market expectations of a 0.8% increase. In annual terms, industrial output fell for a tenth consecutive month and contracted 5.5% in June (May: -4.4% year-on-year), the sharpest decline seen in almost three years. 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 durable goods, followed by capital goods. As a result of the annual contraction in June, the trend continues to point downwards, with annual average growth in industrial production falling from minus 1.8% in May to minus 2.3%. The poor performance of Brazil's industry remains a cause for concern, despite a weaker real as well as a series of stimulus measures implemented in recent months to boost industrial output.
Industrial production rebounds in June
August 1, 2012
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Brazil Industry Chart
Note: Month-on-month changes of seasonally adjusted industrial production and annual average growth rate in %.
Source: Brazil Institute of Geography and Statistics (IBGE) and FocusEconomics calculations.
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.