Industry in Brazil

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Brazil - Industry

Industrial production drops for third consecutive month in July

Industrial production fell 0.3% month-on-month in seasonally-adjusted terms in July, which followed June’s revised 0.7% fall (previously reported: -0.6% month-on-month) and marked the third contraction in a row. The result was notably below market expectations which had forecast an expansion.

The fall was driven by declining production of capital and intermediate goods, while consumer goods output rebounded in July. Among sectors, industrial output fell in 11 of the 26 surveyed, with the main negative contributions coming from falling output of beverages, food products, and chemicals.

On an annual basis, industrial production contracted 2.5% in July, a smaller drop than June’s 5.9% decrease. Annual average variation in industrial production came in at minus 1.3%, deteriorating from June’s minus 0.8% and marking the worst reading since June 2017.

The analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast see industrial production growing 0.1% in 2019, which is unchanged from last month's estimate. In 2020, industrial output is expected to grow 2.9%.

Brazil - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)2.1  -3.0  -8.2  -6.4  2.5  

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Brazil Industry Chart

Brazil Industry
Note: Annual variation of industrial production in %.
Source: Brazil Institute of Geography and Statistics.

Brazil Facts

Bond Yield7.30-0.82 %Sep 04
Exchange Rate4.10-0.13 %Sep 04
Stock Market101,201-0.40 %Sep 04

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