Industrial production in Brazil went up 0.4 percent month-over-month in January of 2021, following a downwardly revised 0.8 percent increase in December and in line with market expectations. It was the 9th straight month of expansion, bringing the cumulative growth to 42.3 percent, after a 27.1 percent loss in March and April when the coronavirus crisis hit the economy hard. Main positive contributions came from food (3.1 percent); extractive industries (1.5 percent); cellulose & paper (4.4 percent); autos (1 percent) and furniture (3.6 percent). Year-on-year, industrial output advanced 2 percent, extending an 8.2 percent rise in the previous month but below market consensus of 2.2 percent. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Industrial Production Mom in Brazil averaged 0.15 percent from 1985 until 2021, 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 March of 2021.
Industrial Production Mom in Brazil is expected to be 0.90 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 1.10 percent in 2022 and 1.50 percent in 2023, according to our econometric models.