Industry in Brazil
Brazil - Industry
Industrial production rebounds in December
Industrial production rebounded in December, growing 0.2% month-on-month in seasonally-adjusted terms. The result contrasted November’s revised 0.1% contraction (previously reported: +0.2% mom).
The rebound was fragile with only one major economic category—-intermediate goods—recording growth. Among sectors, industrial output expanded in 11 of 26, with food products recording the most significant expansion.
In 2018, industrial production grew 1.1%, below 2017’s 2.5% expansion. The slowdown was driven partly by the second quarter’s truckers’ strike which disrupted economic activity.
The analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast see industrial production growing 3.2% in 2019, which is unchanged from last month's estimate. In 2020, industrial output is expected to grow 3.2%.
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 | 8.80 | -0.82 % | Feb 14 |
| Exchange Rate | 3.72 | -0.13 % | Feb 14 |
| Stock Market | 98,015 | -0.40 % | Feb 14 |
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Economic News
Brazil: Retail sales record worst result in nearly two years in December
February 13, 2019
Retail sales (excluding cars and construction) fell 2.2% from the previous month in seasonally-adjusted terms in December, notably contrasting November’s revised 3.1% expansion (previously reported: +2.9% month-on-month) and the largest drop since January 2016. Declines were recorded in five of the eight categories of the index, with notably contractions in sales of other articles for personal and domestic use, and furniture and household appliances. On an annual basis, retail sales rose 0.6% in December, notably below November’s 4.5% expansion.
Brazil: Inflation inches up in January
February 8, 2019
Consumer prices rose 0.32% in January over the previous month, accelerating from December’s 0.15% increase.
Brazil: Central Bank holds SELIC rate at record-low
February 6, 2019
At its 5–6 February meeting, the Central Bank of Brazil’s Monetary Policy Committee (Comité de Política Monetária, COPOM) unanimously decided to keep the benchmark SELIC interest rate at its record low of 6.50%, where it has rested since the Central Bank paused its long and aggressive easing cycle in March.
Brazil: Manufacturing PMI edges up in January
February 4, 2019
Conditions in Brazil’s manufacturing sector improved at the start of 2019.
Brazil: Industrial production rebounds in December
February 1, 2019
Industrial production rebounded in December, growing 0.2% month-on-month in seasonally-adjusted terms.
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