Industrial production in Brazil slumped 0.9 percent, after a downwardly revised 0.8 percent rise in October and missing market expectations of a 2.3 percent gain. Among the activities, main negative contribution came from food products (-5.0%), pressured by lower production of sugar, concentrated orange juices, meat and offal of frozen poultry and rations. Considering the first eleven months of the year, industrial production advanced 1.5 percent compared to the same period of 2017. Industrial Production in Brazil averaged 1.91 percent from 1976 until 2018, 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.