Brazil's industrial production increased 8.9 percent over a month earlier in June 2020, following an upwardly revised 8.2 percent gain the previous month and beating market expectations of a 7.7 percent rise. It was the biggest increase in industrial output since June 2018, as businesses continued to resume operations following lockdown restrictions due to the coronavirus pandemic. Main gains were recorded in automotive vehicles, trailers & bodies (-70%); beverages (19.3&); extractive industries (5.5%); rubber & plastic (17.3%); and other transport equipment (141.9%). Other positive contributions came from non-metallic mineral products (16.6%); electrical machinery, equipment and materials (24.4%); other chemical products (7.1%); machinery & equipment ( 10.6%); metals (13.1%); textiles (34.2%); and computer equipment, electronic & optical products (15.1%). Year-on-year, industrial output dropped 9 percent, after plunging 21.8 percent in the prior month.
Industrial Production Mom in Brazil averaged 0.11 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 August of 2020. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Industrial Production Mom in Brazil is expected to be 0.50 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 1.00 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.