Brazil's industrial production rose 8 percent over a month earlier in July 2020, following an upwardly revised 9.7 percent increase in the previous month and beating market expectations of a 5.7 percent gain. Main increases were seen in automotive vehicles, trailers & bodies (43.9%) as factories continued to resume operations following lockdown restrictions due to the coronavirus pandemic; metallurgy (18.7%); extractive industries (6.7%); and machinery & equipment (14.2%). Other positive contributions came from coke, petroleum products and biofuels (3.8%); other chemical products (6.7%); food (2.2%); metals (12.4%); non-metallic mineral products (10.4%); clothing & accessories (29.7%); rubber & plastic (9.8%); textiles (26.2%); computer equipment, electronic products and optical (13.8%); and machinery, electrical appliances and materials (12%). Year-on-year, industrial output went down 3 percent, after dropping a downwardly revised 8.8 percent in June.
Industrial Production Mom in Brazil averaged 0.12 percent from 1985 until 2020, reaching an all time high of 25.10 percent in May of 1990 and a record low of -24.40 percent in April of 1990. This page provides the latest reported value for - Brazil Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Industrial Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Industrial Production Mom in Brazil is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production Mom in Brazil to stand at 1.00 in 12 months time. In the long-term, the Brazil Industrial Production MoM is projected to trend around 1.10 percent in 2021 and 1.50 percent in 2022, according to our econometric models.