Industry in Brazil
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
|Industrial Production (annual variation in %)||-8.3||-6.6||2.9||0.8||-1.1|
5 years of economic forecasts for more than 30 economic indicators.
Brazil Industry Chart
Source: Brazil Institute of Geography and Statistics.
|Bond Yield||6.79||-0.82 %||Dec 31|
|Exchange Rate||4.02||-0.13 %||Jan 01|
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September 2, 2022
Industrial output increased 0.6% month-on-month in seasonally-adjusted terms in July (June: -0.3% mom).
August 25, 2022
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (Fundação Getúlio Vargas) came in at 83.6 in August, up from July's 79.5.
August 15, 2022
Economic activity expanded 0.7% in month-on-month seasonally-adjusted terms in June, which contrasted May's 0.3% decrease.
August 10, 2022
Retail sales dropped 1.4% in month-on-month seasonally-adjusted terms in June, which was a larger contraction than May's 0.4% decrease.
August 9, 2022
Consumer prices fell a seasonally-adjusted 0.68% over the previous month in July, contrasting the 0.67% rise seen in June.