Industry in Brazil
Brazil - Industry
Industrial production drops in August
Industrial production contracted for a second month in a row in August. Industrial output fell 0.3% month-on-month in seasonally-adjusted terms, a starker drop than July’s revised 0.1% decrease (previously reported: -0.2% month-on-month). The print undershot market expectations of a 0.1% increase.
The decline was driven by a sharp drop in the production of intermediate goods, while output of capital and consumer goods rebounded in August.
In annual terms, industrial production rose 2.0% in August, decelerating from July’s revised 4.1% increase (previously reported: +4.0% year-on-year). Annual average growth edged down from 3.4% in July to 3.2% in August.
The analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast see industrial production growing 2.8% in 2018, which is unchanged from last month's estimate. In 2019, industrial output is expected to grow 3.7%, also unchanged from last month’s forecast.
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 | 10.48 | -0.82 % | Oct 18 |
| Exchange Rate | 3.72 | -0.13 % | Oct 18 |
| Stock Market | 83,847 | -0.40 % | Oct 18 |
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