In May, industrial production increased a seasonally adjusted 1.3% over the previous month, contrasting a 1.2% decline in April (previously reported: -2.1% month-on-month). The reading broadly matched market expectations, which had industrial production expanding 1.2%. Compared with the same period last year, industrial output added 2.7% (April: -1.5% year-on-year). Of the 27 categories surveyed by the Brazilian Institute of Geography and Statistics (IBGE), 19 categories registered increases in output. The largest increase was seen in the production of durables, which added a seasonally adjusted 2.7% over the previous month, followed by the production of capital goods, which expanded 1.7%. Despite robust performance of industrial production in May, the trend continues to worsen, with annual average growth in industrial production falling from 5.4% in April to 4.5% in May.
Industrial production rebounds in May
July 1, 2011
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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.