In September, industrial production declined a seasonally adjusted 2.0% over the previous month, which was below both the 0.1% decrease in August (previously reported: -0.2% month-on-month) and market expectations, which had industrial production contracting 1.2%. Compared with the same period last year, industrial output contracted 1.6% in September, which contrasted the 2.0% increase in August. Of the 27 categories surveyed by the Brazilian Institute of Geography and Statistics (IBGE), 16 categories registered a decline in output. The largest drop was observed in durable goods (-9.0% mom), followed by capital goods (-5.5% mom). The trend continues to point downwards, with annual average growth in industrial production falling from 2.3% in August to 1.6% in September.
ndustrial production continues to decline
November 1, 2011
Looking for forecasts related to Industry in Brazil? Download a sample report now.
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.