Industry in Brazil
Brazil - Industry
Industrial production rebounds in February despite mining sector woes
Industrial production gained steam in February, jumping 0.7% month-on-month in seasonally-adjusted terms. The result contrasted January’s revised 0.7% decrease (previously reported: -0.8% mom) and marked an eight-month high.
The recovery was driven by a rebound in capital goods production, as well as faster growth in the output of consumer goods. Among sectors, industrial output expanded in 16 of the 26 surveyed, with motor vehicles, trailers and bodies and food products driving February’s result. Notably, the positive reading also came despite a nearly 15% fall in the mining sector due to plunging iron ore output after the Vale dam disaster.
On an annual basis, industrial production rose 2.0% in February, notably contrasting January’s 2.4% contraction. February’s reading, however, benefitted from a positive calendar effect as it had two more working days in it then the same month last year. Annual average growth in industrial production inched up to 0.6% from 0.5% in January.
Brazil Industrial Production Forecast
The analysts surveyed by Met the why particular for this month’s LatinFocus Consensus Forecast see industrial production growing 2.8% in 2019, which is unchanged from last month's estimate. In 2020, industrial output is expected to grow 3.3%.
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||9.06||-0.82 %||Jan 30|
|Exchange Rate||3.69||-0.13 %||Jan 30|
|Stock Market||96,996||-0.11 %||Jan 30|
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April 15, 2019
In February, economic activity decreased 0.7% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity.
April 11, 2019
Consumer prices rose 0.75% in March over the previous month, accelerating from February’s 0.32% increase and overshooting expectations of a softer 0.63% rise.
April 3, 2019
Industrial production gained steam in February, jumping 0.7% month-on-month in seasonally-adjusted terms.
April 1, 2019
Conditions in Brazil’s manufacturing sector appear to have weakened somewhat in March.
April 1, 2019
Business sentiment in Brazil weakened at the end of Q1, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index falling to 97.2 points from 99.0 points in March.