Industrial production in Brazil decreased 2.6 percent year-on-year in January 2019, following a 3.6 percent decline in the prior month and compared with market forecasts of a 1.2 percent fall. Among activities, main negative contributions came from food products (-4.0 percent); pharmaceuticals (-22.5 percent); machinery & equipment (-10.3 percent); motor vehicles & trailers (-3.7 percent); computer equipment, electronic & optical products (-10.2 percent); maintenance, repair and installation of machinery & equipment (-14.2 percent); metallurgy (-2.7 percent); cellulose, paper & paper products (-3.9 percent); wood (-8.2 percent); other transportation equipment (-8.7 percent); and rubber & plastic products (-2.6 percent). Industrial Production in Brazil averaged 1.89 percent from 1976 until 2019, reaching an all time high of 37.20 percent in April of 1991 and a record low of -27.70 percent in April of 1990.
Industrial Production in Brazil is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Brazil to stand at 3.30 in 12 months time. In the long-term, the Brazil Industrial Production is projected to trend around 2.10 percent in 2020, according to our econometric models.