Brazil Industry


Industrial production rises at the fastest pace in 15 months

In August, industrial production rose a seasonally adjusted 1.5% over the previous month. The increase tripled the 0.5% increase observed in July but was below market expectations of a 2.0% expansion. In annual terms, industrial output fell for a twelfth consecutive month and contracted 2.0% in August (July: -2.7% year-on-year). Of the 27 categories surveyed by the Brazilian Institute of Geography and Statistics (IBGE), 20 of them registered an increase in output. The largest increase was observed in durable goods, followed by intermediate goods. As a result of the annual contraction in August, the trend continues to point downwards, with annual average growth in industrial production falling from minus 2.5% in July to minus 2.9%.


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Brazil Industry Chart

Brazil Industry August 2012

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.

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