Brazil Industrial production April 2021

Brazil

Brazil: Industrial activity decreases in April

June 2, 2021

Industrial output decreased 1.3% in month-on-month seasonally-adjusted terms in April, a softer fall than March's 2.2%. Looking at the details of the release, intermediate goods output shrank in April, while consumer goods output dropped at a more moderate pace. Lastly, durable consumer goods output rebounded in April, while non-durable consumer goods production contracted at a softer pace than in the prior month.

On an annual basis, industrial production grew 34.7% in April, which was significantly better than March’s 10.5% expansion and marking the best result since April 1991. That said, the print was flattered by a low base effect. Moreover, the trend improved sizably, with the annual average variation of industrial production coming in at plus 2.3% in April, contrasting March's minus 2.9%.

FocusEconomics LatinFocus Consensus Forecast panelists see industrial production expanding 5.6% in 2021, which is up 1.0 percentage point from last month's estimate. In 2022, industrial output is projected to grow 2.7%.


Author:, Economist

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Brazil Industrial production Chart


Brazil Industry April 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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