Brazil Industrial Output Unexpectedly Stalls
2025-03-11 12:19
By
Luisa Carvalho
1 min. read
Brazil's industrial production was flat month-over-month in January 2025, following a three-month decline that resulted in a cumulative 1.2% loss.
The figures undershot market expectations, which had forecasted a 0.5% increase.
Of the 25 industrial sectors surveyed, 18 reported growth, with the most notable gains coming from machinery and equipment (+6.9%) and motor vehicles, trailers, and bodies (+3.0%).
Other significant contributions came from rubber and plastic products (3.7%), leather goods, travel articles, and footwear (9.3%), pharmaceutical products (4.8%), and miscellaneous products (10.0%).
On the downside, mining (-2.4%) had the largest impact, ending two months of growth.
Other declines came from coke, petroleum products, and biofuels (-1.1%), paper products (-3.2%), and clothing manufacturing (-4.7%).
On a yearly basis, industrial production grew by 1.4% in January, in line with the revised figure for December, but below market expectations of a 2.3% rise.