Brazil's industrial production dropped 1.2 percent from the previous month in November 2019, following a 0.8 percent growth in October and compared to market consensus of a 0.6 percent contraction, mainly due to declines in food products (-3.3 percent), automotive vehicles (-4.4 percent), and extractive industries (-1.7 percent). Other relevant negative contributions came from other chemicals (-1.5 percent), machinery and equipment (-1.6 percent), maintenance, repair and installation of machinery and equipment (-5.7 percent), pulp, paper and paper products (-1.8 percent), non-metallic mineral products (-1.8 percent) and metallurgy (-1.1 percent).
Industrial Production Mom in Brazil averaged 0.13 percent from 1985 until 2019, 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. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Industrial Production Mom in Brazil is expected to be 0.60 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 1.10 in 12 months time. In the long-term, the Brazil Industrial Production MoM is projected to trend around 1.50 percent in 2020, according to our econometric models.