Brazil Industrial Production MoM

Industrial production in Brazil rose 0.8 percent from a month earlier in October 2019, after a 0.3 percent gain in the previous month and above market expectations of a 0.7 percent increase, mainly driven by a rebound in production of food (3.4 percent vs -0.3 percent in September) and pharmaceutical & pharmaceutical products (11.2 percent vs -4.6 percent). Additional support came from: electrical machinery & equipment (4.9 percent); cellulose & paper (2.4 percent); printing & reproduction of recordings (15.3 percent); machinery & equipment (1.4 percent); other chemical products (1.1 percent); non-metallic minerals products (1.8 percent); and beverages (1.6 percent). Meanwhile, output dropped in coke, petroleum products & bio-fuels (-2.1 percent); metallurgy (-3.2 percent); and mining (-1.1 percent). Year-on-year, industrial production went up 1 percent, easing from a 1.1 percent rise and missing forecasts of 1.4 percent.

Brazil's industrial production increased 0.3 percent from the previous month in September 2019, following a 0.8 percent growth in August and missing market consensus of 0.9 percent, mainly boosted by a sharp rebound in vehicles output (4.3 percent vs -2.4 percent). Additional support came from: apparel and accessories (6.6 percent), beverages (3.5 percent), metal products (3.7 percent), furniture (9.4 percent), IT equipment, electronic and optical products (3.0 percent) and rubber and plastic products (1.4 percent). In contrast, output contracted for printing and reproduction of recordings (-28.6 percent), mining (-1.2 percent), machinery and equipment (-2.8 percent), pharmaceutical and pharmaceutical products (-4.6 percent), coke, petroleum products and bio-fuels (-0.8 percent) and tobacco products (-7.7 percent). Year-on-year, industrial production grew 1.1 percent, also below forecasts of 1.9 percent.

Industrial production in Brazil rose 0.8 percent over a month earlier in August 2019, rebounding from a downwardly revised 0.2 percent fall in the previous month and beating market consensus of a 0.3 percent gain. It was the biggest increase in industrial output since June last year, as production of mining (6.6 percent); coke, petroleum products & biofuels (3.6 percent) and food (2 percent) offset declines in automotive vehicles & trailers (-3 percent); clothing & accessories (-7.4 percent); machinery & equipment (-2.7 percent); and pharmaceutical products (-4.9 percent). Year-on-year, industrial output dropped 2.3 percent, following a 2.5 percent decrease in the prior month and compared with market expectations of a 3 percent fall.

Industrial production in Brazil fell 2.5 percent over a month earlier in July 2019, after an upwardly revised 0.7 percent in June and below market consensus of a 0.3 percent rise. Main declines were recorded in output of other chemical products (-2.6 percent); beverages (-4 percent); food products (-1 percent); informatic equipment and electronic & optical products (-3.3 percent); and machinery & electric material (-2.6 percent). On the other hand, production rose for mining products (6 percent); machinery & equipment (6 percent); pharmaceuticals (6.5 percent); automotive vehicles & trailers (1.5 percent); maintenance, repair and installation of machinery & equipment (8.4 percent); cellulose & paper (2.6 percent); and perfumery & personal care products (6.2 percent). Year-on-year, industrial output went down 2.5 percent, following a 5.9 percent fall and compared with market forecasts of a 1.3 percent decrease.

Industrial production in Brazil decreased 0.6% month-over-month in June 2019, following a downwardly revised 0.1% drop in the prior month and more than an expected 0.2% fall. Output declined for food products (-2.1%); machinery & equipment (-6.5%); automotive vehicles & trailers (-1.7%); steel products (-1.7%); pharmaceuticals (-3.8%); pulp, paper & paper products (-2.2%); other transport equipment (-6.5%); maintenance, repair and installation of machinery & equipment (-5%); coke, oil products & biofuel (-0.6%) and machinery & electrical apparatus (-2.0%). In contrast, main gains were recorded for mining products (1.4%); wood products (7.5%); beverages (1.5%) and other chemical products (0.5%). Year-on-year, industrial activity tumbled 5.9%, after an upwardly revised 7.4% surge in the previous month and compared to market expectations of a 5.9% decline. In the first six months of the year, industrial output shrank 1.6% over a year ago.

Industrial production in Brazil fell 0.2 percent month-over-month in May 2019, following a 0.3 percent gain in the previous month and missing market expectations of a 0.7 percent rise. Main declines were recorded in production of automotive vehicles & trailers (-2.4 percent); beverages (-3.5 percent); leather, travel goods & footwear (-7.1 percent); other chemicals (-2 percent); metal products (-2.3 percent); non-metallic minerals (-2.1 percent); and miscellaneous products (-5.8 percent). Meanwhile, increases were seen in mining & quarrying (9.2 percent); and coke, oil products & biofuel (3.2 percent). Year-on-year, industrial output jumped 7.1 percent, rebounding from a 3.9 percent decrease in the prior month and beating market consensus of a 2.8 percent fall.