Industrial production in Brazil went down 0.7 percent month-over-month in February of 2021, following a 0.4 percent increase in January and missing market expectations of a 0.4 percent growth. It was the first month of contraction since April of last year, interrupting a 41.9 percent growth accumulated during those months. Main downward pressure came from extractive industries (-4.7 percent); auto manufacturing (-7.2 percent); textiles (-9.0 percent); and manufacture of metal products (-4.1 percent). Year-on-year, industrial output advanced 0.4 percent, following an upwardly revised 2.3 percent rise in the previous month but also below market consensus of 2.2 percent. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Industrial Production Mom in Brazil averaged 0.15 percent from 1985 until 2021, 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 April of 2021.
Industrial Production Mom in Brazil is expected to be 1.00 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 0.80 in 12 months time. In the long-term, the Brazil Industrial Production MoM is projected to trend around 1.10 percent in 2022 and 1.50 percent in 2023, according to our econometric models.