Industry in Brazil

Brazil Industry | Economic News & Forecasts

Brazil - Industry

Industrial production contracts in May

Industrial production fell 0.2% month-on-month in seasonally-adjusted terms in May, contrasting April’s 0.3% increase but overshooting market expectations of a 0.4% drop.

The downturn was driven by plunging production of consumer goods. Among sectors, industrial output fell in 18 of the 26 surveyed, including a sharp drop in output of motor vehicles and trailers.

On an annual basis, industrial production rose 7.2% in May, contrasting April’s 3.9% contraction. The result is partly due to a favorable base effect as May 2019 has one more working day than the same month of last year. Annual average variation in industrial production came in flat in May, up from April’s minus 1.2%.

The analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast see industrial production growing 0.9% in 2019, which is unchanged from last month's estimate. In 2020, industrial output is expected to grow 2.9%.

Brazil - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)2.1  -3.0  -8.2  -6.4  2.5  

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Brazil Industry Chart

Brazil Industry
Note: Annual variation of industrial production in %.
Source: Brazil Institute of Geography and Statistics.

Brazil Facts

Bond Yield7.20-0.82 %Jul 11
Exchange Rate3.76-0.13 %Jul 11
Stock Market105,146-0.40 %Jul 11

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