Industry in Brazil
Brazil - Industry
Industrial production plunges in September
Industrial production contracted for a third consecutive month in September. Industrial output fell 1.8% month-on-month in seasonally-adjusted terms, a starker drop than August’s revised 0.7% decrease (previously reported: -0.3% month-on-month). The print undershot market expectations of a 0.8% drop.
The decline was driven by sharp drops in the production of capital and consumer goods. Intermediate goods output also contracted but a less severe pace than in the previous month.
In annual terms, industrial production fell 2.0% in September, notably contrasting August’s revised 1.7% increase (previously reported: +2.0% year-on-year). Accordingly, annual average growth fell from 3.2% in August to 2.8% in September, the lowest reading in nine months.
Brazil Industrial Production Forecast
The analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast see industrial production growing 3.5% in 2019, which is unchanged from last month's estimate. In 2020, industrial output is expected to grow 3.4%.
Brazil - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 2.1 | -3.0 | -8.3 | -6.4 | 2.5 |
Brazil Industry Chart
Source: Brazil Institute of Geography and Statistics.
Brazil Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 10.03 | -0.82 % | Nov 29 |
| Exchange Rate | 3.85 | -0.13 % | Nov 29 |
| Stock Market | 89,710 | -0.40 % | Nov 29 |
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Economic News
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Consumer prices fell 0.21% in November over the previous month, contrasting October’s 0.45% increase.
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Brazil’s current account balance came in at a surplus of USD 329 million in October, contrasting the USD 686 million deficit recorded in the same month last year. The current account surplus was chiefly due to a higher trade surplus, which came in at USD 5.9 billion in October (October 2017: USD 5.2 billion).
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November 26, 2018
Business sentiment in Brazil improved in November, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index rising to 94.7 points from 94.1 points in October.
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