Brazil Industrial production April 2022


Brazil: Industrial output growth eases in April

June 3, 2022

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%.

The analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast see industrial production decreasing 0.7% in 2022, which is down 0.3 percentage points from last month’s estimate, and growing 1.9% in 2023.

Author:, Economist

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Brazil Industrial production Chart

Brazil Industry April 2022 0

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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