Brazil Industry December 2017

Brazil

Brazil: Industrial production growth hits over four-year high in December

February 9, 2018

In December, industrial production grew 2.8% over the previous month in seasonally-adjusted terms, up from the revised 0.3% increase (previously reported: +0.2% month-on-month) registered in November. The result marked the fastest expansion since June 2013.

Behind the acceleration, was a rebound in the production of consumer goods and faster growth in output of intermediate goods. However, capital goods output stuttered in December.

In annual terms, industrial production rose 4.3% in December, which was below November’s 4.7% increase. The annual average growth in industrial production accelerated from 2.0% in November to 2.4% in December, the best result since July 2011.

The analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast see industrial production growing 2.0% in 2018, which is down 0.1 percentage points from last month's estimate. In 2019, industrial output is also expected to grow 2.0%.


Author: Angela Bouzanis, Lead Economist

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Brazil Industry Chart


Brazil Industry December 2017 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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