Industry in Brazil
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
|Industrial Production (annual variation in %)||2.1||-3.0||-8.2||-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||7.30||-0.82 %||Sep 04|
|Exchange Rate||4.10||-0.13 %||Sep 04|
|Stock Market||101,201||-0.40 %||Sep 04|
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September 10, 2019
Retail sales (excluding cars and construction) rose 1.0% from the previous month in seasonally-adjusted terms in July, which followed June’s revised 0.5% growth (previously reported: +0.1% month-on-month) and marked the best reading since November 2018.
September 6, 2019
Consumer prices rose 0.11% in August over the previous month, which was below July’s 0.19%.
September 5, 2019
The Brazilian real weakened notably against the U.S. dollar in August, recording its worst month in four years, before recovering mildly at the start of September.
September 3, 2019
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.
September 2, 2019
Conditions in Brazil’s manufacturing sector appear to have improved in August.