Industry in Brazil
Brazil - Industry
Industrial output declines markedly in March
Industrial production fell 9.1% in month-on-month seasonally-adjusted terms in March, contrasting February’s revised 0.7% increase (previously reported: +0.5% month-on-month). March’s result was worse than market expectations of a 4.7% contraction and marked the poorest performance in nearly two years.
The decline was widespread across categories in March. The production of capital goods and consumer goods, for durable and non-durable goods, contracted sharply, while intermediate goods output fell in the month. Industrial output decreased in 23 of the 26 sectors surveyed in March, reflecting the impact of industrial plant shutdowns and restrictions to contain Covid-19.
Industrial production shrank 3.8% on an annual basis in March, following February’s 0.3% dip and representing the fifth consecutive contraction in output. Meanwhile, annual average industrial output fell 1.0% in March, improving from the 1.2% drop in February.
Looking ahead, the industrial sector is expected to continue to languish under the severe economic conditions created by the pandemic and measures to control the domestic outbreak.
FocusEconomics LatinFocus Consensus Forecast panelists see industrial production declining 4.2% in 2020, which is down 6.1 percentage points from last month's estimate. In 2021, industrial output is expected to grow 4.0%.
Brazil - Industry Data
|Industrial Production (annual variation in %)||-8.3||-6.6||2.9||0.8||-1.1|
5 years of economic forecasts for more than 30 economic indicators.
Brazil Industry Chart
Source: Brazil Institute of Geography and Statistics.
|Bond Yield||6.79||-0.82 %||Dec 31|
|Exchange Rate||4.02||-0.13 %||Jan 01|
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September 10, 2021
Retail sales increased 1.2% in month-on-month seasonally-adjusted terms in July, which was a mild improvement on June's 0.9% increase.
September 9, 2021
Consumer prices rose a seasonally-adjusted 0.87% over the previous month in August, coming in below the 0.96% rise seen in July.
September 2, 2021
Industrial output decreased 1.3% in month-on-month seasonally-adjusted terms in July, which was a larger contraction than June's 0.2% decrease.
September 1, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) came in at 53.6 in August, down from July's 56.7.
September 1, 2021
The economy fell back into contraction in the second quarter of the year, shrinking 0.1% on a seasonally-adjusted quarter-on-quarter basis and contrasting the first quarter's 1.2% increase.