Industry in Brazil
Brazil - Industry
Industrial production rebounds in December
Industrial production rebounded in December, growing 0.2% month-on-month in seasonally-adjusted terms. The result contrasted November’s revised 0.1% contraction (previously reported: +0.2% mom).
The rebound was fragile with only one major economic category—-intermediate goods—recording growth. Among sectors, industrial output expanded in 11 of 26, with food products recording the most significant expansion.
In 2018, industrial production grew 1.1%, below 2017’s 2.5% expansion. The slowdown was driven partly by the second quarter’s truckers’ strike which disrupted economic activity.
The analysts surveyed by Met the why particular for this month’s LatinFocus Consensus Forecast see industrial production growing 3.2% in 2019, which is unchanged from last month's estimate. In 2020, industrial output is expected to grow 3.2%.
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||9.00||-0.82 %||Feb 21|
|Exchange Rate||3.77||-0.13 %||Feb 21|
|Stock Market||96,932||-0.11 %||Feb 21|
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February 15, 2019
In December, economic activity increased 0.2% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central).
February 13, 2019
Retail sales (excluding cars and construction) fell 2.2% from the previous month in seasonally-adjusted terms in December, notably contrasting November’s revised 3.1% expansion (previously reported: +2.9% month-on-month) and the largest drop since January 2016. Declines were recorded in five of the eight categories of the index, with notably contractions in sales of other articles for personal and domestic use, and furniture and household appliances. On an annual basis, retail sales rose 0.6% in December, notably below November’s 4.5% expansion.
February 8, 2019
Consumer prices rose 0.32% in January over the previous month, accelerating from December’s 0.15% increase.
February 6, 2019
At its 5–6 February meeting, the Central Bank of Brazil’s Monetary Policy Committee (Comité de Política Monetária, COPOM) unanimously decided to keep the benchmark SELIC interest rate at its record low of 6.50%, where it has rested since the Central Bank paused its long and aggressive easing cycle in March.
February 4, 2019
Conditions in Brazil’s manufacturing sector improved at the start of 2019.