Brazil’s industrial output declined by 1.3 percent over a month earlier in July of 2021, worse than market expectations of a 0.5 percent decrease and followed a revised 0.2 percent contraction in June. The latest reading marked the second straight month of decreases, with 19 out of 26 industrial branches under pressure, notably beverages (-10.2 percent); food products (-1.8 percent); and production of motor vehicles and trailers (-2.8 percent), as many automakers are facing temporary stoppages due to the global semiconductor chip shortage. In contrast, the output for coke, petroleum products and biofuels recorded the biggest positive contribution (2.8 percent). The uneven impact of the pandemic across different sectors and regions, raw materials shortages and mounting supply chain issues, which pushed production costs higher, remained the main risks to industrial activity. On an annual basis, industrial production rose 1.2 percent, slowing markedly from a 12.0 percent hike in June. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Industrial Production Mom in Brazil averaged 0.13 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 September of 2021.
Industrial Production Mom in Brazil is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.