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Brazil Industrial production April 2022

Brazil: Industrial output growth eases in April

Industrial output increased 0.1% month-on-month in seasonally-adjusted terms in April (March: +0.6% mom). The slowdown came on the back of a decline in capital goods output. Meanwhile, intermediate goods production gained steam. Lastly, durable consumer goods production fell, while non-durable consumer goods output gained momentum.

On an annual basis, industrial production dropped 0.5% in April, a smaller contraction than March’s 1.7% fall and marking the best result since July 2021. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at an over one-year low of minus 0.3%, contrasting March’s plus 1.7%.

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