Industry in Brazil

Brazil Industry | Economic News & Forecasts

Brazil - Industry

Industrial production rebounds in February despite mining sector woes

Industrial production gained steam in February, jumping 0.7% month-on-month in seasonally-adjusted terms. The result contrasted January’s revised 0.7% decrease (previously reported: -0.8% mom) and marked an eight-month high.

The recovery was driven by a rebound in capital goods production, as well as faster growth in the output of consumer goods. Among sectors, industrial output expanded in 16 of the 26 surveyed, with motor vehicles, trailers and bodies and food products driving February’s result. Notably, the positive reading also came despite a nearly 15% fall in the mining sector due to plunging iron ore output after the Vale dam disaster.

On an annual basis, industrial production rose 2.0% in February, notably contrasting January’s 2.4% contraction. February’s reading, however, benefitted from a positive calendar effect as it had two more working days in it then the same month last year. Annual average growth in industrial production inched up to 0.6% from 0.5% in January.

Brazil Industrial Production Forecast

The analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast see industrial production growing 2.8% in 2019, which is unchanged from last month's estimate. In 2020, industrial output is expected to grow 3.3%.

Brazil - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)2.1  -3.0  -8.3  -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 Yield9.06-0.82 %Jan 30
Exchange Rate3.69-0.13 %Jan 30
Stock Market96,996-0.40 %Jan 30

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