Brazil: Industrial production rebounds in September
November 1, 2017
In September, industrial production rose 0.2% over the previous month in seasonally-adjusted terms, which contrasted August’s revised 0.7% increase (previously reported: -0.8% month-on-month). The result undershot market expectations of a stronger rebound to 0.6% growth.
Behind the upturn was a return to growth in the production of intermediate goods. However, output of consumer goods dropped from the previous month.
In annual terms, industrial production grew 2.6% in September, a notable deceleration from August’s 4.0% increase. The largest expansion was seen in output of motor vehicles, trailers and bodies. The trend improved notably and the annual average variation in industrial production swung from minus 0.1% in August to plus 0.4% in September.