Manufacturing in Venezuela
Venezuela - Manufacturing
Manufacturing declines in April
Manufacturing production declined for the first time in six months, which suggests that economic growth slowed in the second quarter. In April, manufacturing contracted 4.8% over the same month last year, following on a revised 9.4% expansion in March (previously reported: +8.9% year-on-year). The April drop was mainly driven by strong losses in textiles as well as machinery equipment, which were partially offset by an expansion in electrical equipment. Meanwhile, the trend slowed, but still remaining in positive territory for the second month in a row, after contracting since January 2009. The annual average variation in manufacturing output declined from a 2.0% expansion in March to a 1.8% increase in April.
Venezuela - Manufacturing Data
|Manufacturing (annual variation in %)||-5.4||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||5.50||0.0 %||Aug 19|
|Exchange Rate||248,832||0.0 %||Aug 17|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
June 16, 2021
National consumer prices rose 28.5% from the previous month in May, up from April’s 24.6% month-on-month increase, according to data released by the Central Bank of Venezuela (BCV).
May 18, 2021
National consumer prices rose 24.6% from the previous month in April, up from March’s 16.1% month-on-month increase, according to data released by the Central Bank of Venezuela (BCV).
April 19, 2021
National consumer prices rose 16.1% from the previous month in March, down markedly from February’s 33.8% month-on-month increase and marking the lowest print in 12 months, according to data released by the Central Bank of Venezuela (BCV).
February 12, 2021
National consumer prices rose 46.6% from the previous month in January, down markedly from December’s 77.5% month-on-month increase which had marked the highest print in 22 months, according to data released by the Central Bank of Venezuela (BCV).
Venezuela: Depreciation of bolívar remains rampant in 2020; softens from levels seen in 2018 and 2019
January 1, 2021
The Venezuelan bolívar soberano fell sharply against the U.S. dollar in 2020 amid rampant inflationary pressures and tumbling oil production.