Industry in Brazil

Brazil Industry | Economic News & Forecasts

Brazil - Industry

Industrial production soars in June after truckers’ strike ends

Industrial production returned to growth in June, recording the largest expansion in over a decade. Industrial output soared 13.1% month-on-month in seasonally-adjusted terms, contrasting May’s 11.0% decrease. The print, however, still surprised to the downside coming in below market expectations of a 14.0% increase. All sub-sectors of the index posted strong rebounds as the economy got back on its feet after a nationwide strike by the truckers’ union, Abcam, over diesel price hikes ended at the start of June. The strike had caused widespread disruptions throughout the country, paralyzing key economic sectors.

In annual terms, industrial production rose 3.5% in June, contrasting May’s 6.5% decrease. Annual average growth also improved, coming at 3.3% in June, above May’s 3.0%.


Brazil Industrial Production Forecast


The analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast see industrial production growing 3.2% in 2018, which is unchanged from last month's estimate. In 2019, industrial output is expected to grow 3.6%.

Brazil - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)2.1  -3.0  -8.3  -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

ValueChangeDate
Bond Yield11.54-0.82 %Aug 15
Exchange Rate3.91-0.13 %Aug 15
Stock Market77,078-0.40 %Aug 15

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