Industry in Brazil
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 |
Brazil Industry Chart
Source: Brazil Institute of Geography and Statistics.
Brazil Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 7.20 | -0.82 % | Jul 11 |
| Exchange Rate | 3.76 | -0.13 % | Jul 11 |
| Stock Market | 105,146 | -0.40 % | Jul 11 |
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Economic News
Brazil: Economic activity rebounds in May
July 15, 2019
In May, economic activity increased 0.5% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity.
Brazil: Industrial production contracts in May
July 2, 2019
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.
Brazil: Business confidence drops to six-month low in June
June 28, 2019
Business sentiment in Brazil deteriorated again in June, falling to the lowest level since December 2018.
Brazil: Consumer confidence rises in June
June 26, 2019
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) rose in June.
Brazil: Current account surplus shrinks in May
June 24, 2019
Brazil’s current account balance came in at a surplus of USD 662 million in May, below the USD 900 million surplus recorded in the same month of 2018.
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