Industry in Brazil
Brazil - Industry
Industrial production drops in August
Industrial production contracted for a second month in a row in August. Industrial output fell 0.3% month-on-month in seasonally-adjusted terms, a starker drop than July’s revised 0.1% decrease (previously reported: -0.2% month-on-month). The print undershot market expectations of a 0.1% increase.
The decline was driven by a sharp drop in the production of intermediate goods, while output of capital and consumer goods rebounded in August.
In annual terms, industrial production rose 2.0% in August, decelerating from July’s revised 4.1% increase (previously reported: +4.0% year-on-year). Annual average growth edged down from 3.4% in July to 3.2% in August.
The analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast see industrial production growing 2.8% in 2018, which is unchanged from last month's estimate. In 2019, industrial output is expected to grow 3.7%, also unchanged from last month’s forecast.
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||10.48||-0.82 %||Oct 18|
|Exchange Rate||3.72||-0.13 %||Oct 18|
|Stock Market||83,847||-0.40 %||Oct 18|
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October 9, 2018
Right-wing congressmen and former army captain, Jair Bolsonaro, won a larger than expected victory in the 7 October presidential elections, although failed to capture Brazil’s top job in the first round.
October 5, 2018
Consumer prices rose 0.48% in September over the previous month, contrasting August’s 0.09% fall.
October 3, 2018
In July, economic activity increased 0.6% from the previous month in seasonally-adjusted terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central).
October 2, 2018
Industrial production contracted for a second month in a row in August.
October 2, 2018
Conditions in Brazil’s manufacturing sector deteriorated in September.