Industry in Brazil

Brazil Industry | Economic News & Forecasts

Brazil - Industry

Industrial output declines markedly in March

Industrial production fell 9.1% in month-on-month seasonally-adjusted terms in March, contrasting February’s revised 0.7% increase (previously reported: +0.5% month-on-month). March’s result was worse than market expectations of a 4.7% contraction and marked the poorest performance in nearly two years.

The decline was widespread across categories in March. The production of capital goods and consumer goods, for durable and non-durable goods, contracted sharply, while intermediate goods output fell in the month. Industrial output decreased in 23 of the 26 sectors surveyed in March, reflecting the impact of industrial plant shutdowns and restrictions to contain Covid-19.

Industrial production shrank 3.8% on an annual basis in March, following February’s 0.3% dip and representing the fifth consecutive contraction in output. Meanwhile, annual average industrial output fell 1.0% in March, improving from the 1.2% drop in February.

Looking ahead, the industrial sector is expected to continue to languish under the severe economic conditions created by the pandemic and measures to control the domestic outbreak.

FocusEconomics LatinFocus Consensus Forecast panelists see industrial production declining 4.2% in 2020, which is down 6.1 percentage points from last month's estimate. In 2021, industrial output is expected to grow 4.0%.

Brazil - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)-8.3  -6.6  2.9  0.8  -1.1  

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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

Value Change Date
Bond Yield6.79-0.82 %Dec 31
Exchange Rate4.02-0.13 %Jan 01

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