Brazil Industrial production September 2021


Brazil: Decline in industrial output softens in September

November 4, 2021

Industrial output decreased 0.4% month-on-month in seasonally-adjusted terms in September (August: -0.7% mom). The softer drop came on the back of an improvement in intermediate goods and consumer goods output. Lastly, durable consumer goods production decreased at a softer rate, while non-durable consumer goods output lost pace.

On an annual basis, factory output fell at a sharper rate of 3.9% in September (August: -0.7% yoy), the steepest contraction since June 2020. Accordingly, the trend pointed down, with the annual average growth of industrial production coming in at plus 6.4% in September, down from August's 7.2% reading.

FocusEconomics LatinFocus Consensus Forecast panelists see industrial production expanding 5.2% in 2021, which is down 0.3 percentage points from last month's estimate. In 2022, industrial output is projected to grow 2.0%.

Author:, Economist

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Brazil Industrial production Chart

Brazil Industry September 2021

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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