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Brazil Industrial production February 2022

Brazil: Industrial output bounces back in February

Industrial production rebounded in February, expanding 0.7% month-on-month in seasonally-adjusted terms, contrasting January’s 2.2% decline. Looking at the details of the release, February’s upturn was driven by all sub-sectors returning to growth from January’s broad-based decline.

On an annual basis, industrial production dropped at a more moderate pace of 4.3% in February (January: -7.2% yoy). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 2.6% in February, down from January’s 3.2%.

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