Industry in Brazil
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
|Industrial Production (annual variation in %)||2.1||-3.0||-8.3||-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||11.54||-0.82 %||Aug 15|
|Exchange Rate||3.91||-0.13 %||Aug 15|
|Stock Market||77,078||-0.40 %||Aug 15|
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August 13, 2018
Retail sales (excluding cars and construction) fell 0.3% from the previous month in seasonally-adjusted terms in June, following May’s revised 1.2% contraction (previously reported: -0.6% month-on-month). Drops in sales of fuels and lubricants; and hypermarkets, supermarkets, food products, beverages and tobacco drove the month-on-month decline. On an annual basis, retail sales increased 1.5 in June, a sharp deterioration from May’s 2.7% rise.
August 8, 2018
Consumer prices increased 0.33% in July over the previous month, significantly below June’s 1.26% rise.
August 3, 2018
Business sentiment in Brazil weakened in July, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index falling to 99.6 points from 100.1 points in June.
August 2, 2018
Industrial production returned to growth in June, recording the largest expansion in over a decade.
August 1, 2018
Conditions in Brazil’s manufacturing sector improved in July, recovering after the truckers strike dented economic momentum in June.