Industry in Brazil
Brazil - Industry
Industrial production plunges in September
Industrial production contracted for a third consecutive month in September. Industrial output fell 1.8% month-on-month in seasonally-adjusted terms, a starker drop than August’s revised 0.7% decrease (previously reported: -0.3% month-on-month). The print undershot market expectations of a 0.8% drop.
The decline was driven by sharp drops in the production of capital and consumer goods. Intermediate goods output also contracted but a less severe pace than in the previous month.
In annual terms, industrial production fell 2.0% in September, notably contrasting August’s revised 1.7% increase (previously reported: +2.0% year-on-year). Accordingly, annual average growth fell from 3.2% in August to 2.8% in September, the lowest reading in nine months.
Brazil Industrial Production Forecast
The analysts surveyed by Met the why particular for this month’s LatinFocus Consensus Forecast see industrial production growing 3.5% in 2019, which is unchanged from last month's estimate. In 2020, industrial output is expected to grow 3.4%.
Brazil - Industry Data
|Industrial Production (annual variation in %)||2.1||-3.0||-8.3||-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||11.03||-0.82 %||Nov 29|
|Exchange Rate||3.85||-0.13 %||Nov 29|
|Stock Market||89,711||-0.11 %||Nov 29|
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December 3, 2018
Conditions in Brazil’s manufacturing sector improved notably in November.
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Recently-released GDP data revealed that the recovery revived in the third quarter, after activity was hit by the nationwide truckers’ strike in the previous period.
November 27, 2018
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Business sentiment in Brazil improved in November, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index rising to 94.7 points from 94.1 points in October.
November 23, 2018
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getúlio Vargas) jumped 8.2% from the previous month in November.