Brazil Industry
Industrial output remains unchanged in December
Industrial output flatlined in month-on-month seasonally adjusted terms in December (November: -0.1% mom). Looking at the details of the release, December’s outturn was chiefly due to intermediate goods production contracting. This offset consumer goods output and durable and non-durable consumer goods production gaining steam.
On an annual basis, industrial output dropped 1.3% in December, contrasting November’s 0.9% expansion and marking the worst result since March. Still, the trend improved, with the annual average variation of industrial production coming in at minus 0.7%, up from November’s minus 0.9%.
Brazil Industry Chart
This chart displays Industrial Production (annual variation in %) for Brazil from 2013 to 2022.
Brazil Industry Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 0.8 | -1.1 | -4.7 | 4.2 | -0.7 |