In January, industrial production rose a seasonally adjusted 0.2% over the previous month, which contrasted a 0.8% drop tallied in December. The reading surprised market analysts on the upside, who had expected a 0.4% contraction. On an annual basis, industrial output rose 2.5% in January, despite a high comparison base, as activity skyrocketed 16.1% in January 2010. According to the Brazilian Institute of Geography and Statistics (IBGE, Instituto Brasileiro de Geografia e Estatistica), the reading reflected a strong expansion in pharmaceutical and metallurgy output, which was partially offset by a contraction in vehicles production. On a use-based classification, the manufacture of capital and durable goods supported the monthly expansion. As a result of the moderating trend in place since the third quarter of 2010, annual average growth in industrial production decreased from 10.4% in December to 9.4% in January.
Industrial production beats expectations in January
March 2, 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.