Industrial production in Brazil expanded 1.1% month-over-month in October of 2020, following an upwardly revised 2.8% increase in September and below market forecasts of 1.4%. Still, it marked the 6th straight month of rising industrial output, bringing the 6-month gain to 39%, after a 27.1% loss in March and April when the coronavirus crisis hit the economy hard. In October, main increases were seen in production of motor vehicles and trailers (4.7%); metallurgy (3.1%); pharmaceutical products (4.5%); machinery and equipment (2.2%); metal products (2.8%); leather, travel goods and footwear (5.7 %); non-metallic mineral products (2.3%); manufacture of clothing and accessories (5%); and rubber and plastic products (2.1%). Year-on-year, industrial output edged up 0.3%. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Industrial Production Mom in Brazil averaged 0.14 percent from 1985 until 2020, 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 December of 2020.
Industrial Production Mom in Brazil is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production Mom in Brazil to stand at 0.80 in 12 months time. In the long-term, the Brazil Industrial Production MoM is projected to trend around 1.10 percent in 2021 and 1.50 percent in 2022, according to our econometric models.