Industry in Brazil
Brazil - Industry
Industrial output growth eases in September
Industrial production increased 0.3% month-on-month in seasonally-adjusted terms in September, which followed August’s revised 1.2% increase (previously reported: +0.8% month-on-month). August’s result had marked the strongest increase since June 2018.
September’s slowdown came on the back of a deeper contraction in capital goods output and stalling production of intermediate goods. In contrast, consumer goods production gained steam in the month. Among sectors, industrial output grew in 11 of the 26 surveyed, with the main positive contribution coming from motor vehicles, trailers and bodies production. In contrast, mining output fell in the month and dragged on the figure.
On an annual basis, industrial production grew 1.1% in September, contrasting August’s 2.1% fall.
The analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast see industrial production rising 2.3% in 2020, which is up 0.2 percentage points from last month's estimate. In 2021, industrial output is expected to grow 2.7%.
Brazil - Industry Data
|Industrial Production (annual variation in %)||2.1||-3.0||-8.2||-6.4||2.5|
5 years of economic forecasts for more than 30 economic indicators.
Brazil Industry Chart
Source: Brazil Institute of Geography and Statistics.
|Bond Yield||7.30||-0.82 %||Sep 04|
|Exchange Rate||4.10||-0.13 %||Sep 04|
|Stock Market||101,201||-0.40 %||Sep 04|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
November 7, 2019
Consumer prices rose 0.10% in October over the previous month, contrasting September’s 0.04%.
November 4, 2019
Conditions in Brazil’s manufacturing sector deteriorated in October, although still remained largely upbeat overall.
November 1, 2019
Industrial production increased 0.3% month-on-month in seasonally-adjusted terms in September, which followed August’s revised 1.2% increase (previously reported: +0.8% month-on-month).
October 30, 2019
At its 29–30 October meeting, the Central Bank of Brazil’s Monetary Policy Committee (COPOM) unanimously decided to cut the benchmark SELIC interest rate from 5.50% to a new historical low of 5.00%.
October 28, 2019
Business sentiment in Brazil’s industrial sector eased at the start of Q4, falling to the lowest level seen since October last year.