Brazil’s industrial output rose by 0.1% over a month earlier in April of 2022, matching market expectations, after an upwardly revised 0.6% increase in the prior month. It was the third consecutive month of growth in industrial activity, although at a marginal rate. In April, 16 out of 26 industrial branches expanded, primarily coke, petroleum products and biofuels (4.6%), beverages (5.2%) and other chemical products (2.8%). By contrast, the main negative contributions came from lower production of food products (-4.1%) and automotive vehicles, trailers & bodies (-4.2%), amid the ongoing global chip shortage crisis. On a yearly basis, industrial production shrank 0.5%, the ninth consecutive month of decreases, compared with market expectations of a 0.8% drop. Considering the first four months of the year, industrial production fell 4.2%. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Industrial Production Mom in Brazil averaged 0.13 percent from 1985 until 2022, 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 June of 2022.
Industrial Production Mom in Brazil is expected to be 0.30 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 1.00 percent in 2023, according to our econometric models.