Brazil Industry March 2018

Brazil

Brazil: Industrial production contracts in March

May 3, 2018

Industrial production shrank in March, contracting 0.1% month-on-month in seasonally-adjusted terms, in contrast to the downwardly revised 0.1% increase recorded in February (previously reported: +0.2% month-on-month). The print surprised to the downside, falling short of market expectations of a 0.6% rise. March’s poor performance adds to a string of weak prints and suggests the economic recovery could be sporadic and slower than expected.

The downturn in March was driven by a sharp slowdown in consumer goods production. In addition, a contraction in the production of intermediate goods, albeit softer than last month’s contraction, caused industrial output to fall. In contrast, production of capital goods accelerated in March, growing at the fastest pace since June 2017.

In annual terms, industrial production growth moderated to 1.3% in March from a revised 2.4% in February (previously reported: +2.8% year-on-year), the lowest print in nine months. Annual average growth was stable at 2.9% in March.

Brazil Industrial Production Forecast


The analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast see industrial production growing 3.9% in 2018, which is unchanged from last month's estimate. In 2019, industrial output is expected to grow 3.5%.


Author:, Economist

Sample Report

Looking for forecasts related to Industry in Brazil? Download a sample report now.

Download

Brazil Industry Chart


Brazil Industry March 2018

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.


Brazil Economic News

  • Brazil: Economic activity quickens slightly in November

    January 16, 2020

    Economic activity rose 0.2% in seasonally-adjusted month-on-month terms in November, up from October’s revised 0.1% increase (previously reported: +0.2% month-on-month).

    Read more

  • Brazil: Retail sales disappoint in November

    January 15, 2020

    Retail sales, excluding cars and construction, increased 0.6% from the previous month in seasonally-adjusted terms in November, up from October’s 0.1% increase but notably underwhelming market analysts who had expected Black Friday sales to boost growth to 1.2%. The uptick in November was driven by stronger furniture and appliance spending—boosted by Black Friday promotions—and increased pharmaceutical and medical sales.

    Read more

  • Brazil: Inflation jumps in December

    January 10, 2020

    Consumer prices jumped 1.15% in December over the previous month, up from November’s 0.51% increase.

    Read more

  • Brazil: Industrial output declines in November

    January 9, 2020

    Industrial production fell 1.2% month-on-month in seasonally-adjusted terms in November, contrasting October’s upwardly revised 0.8% increase (previously reported: +0.3% month-on-month).

    Read more

  • Brazil: Manufacturing PMI ticks down in December

    January 2, 2020

    Conditions in Brazil’s manufacturing sector improved at the weakest pace in five months in December, with the manufacturing Purchasing Managers’ Index (PMI) edging down to 50.2 from 52.9 in November.

    Read more

More news

Search form