Brazil Industry November 2017

Brazil

Brazil: Industrial production growth slows in November

January 5, 2018

In November, industrial production grew 0.2% over the previous month in seasonally-adjusted terms, down from the revised 0.3% increase (previously reported: +0.2% month-on-month) registered in October. The result marked the third consecutive month of industrial production growth in Brazil.

Behind the slight slowdown, was a contraction in the production of consumer goods, while capital good output ground to a halt. However, output of intermediate goods swung to expansion in November.

In annual terms, industrial production rose 4.7% in November, which was below October’s 5.5% increase. The annual average variation in industrial production accelerated from 1.6% in October to 2.1% in November, the best result since March 2014.

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, Senior Economist

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Brazil Industry November 2017

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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