Industrial production in Brazil shrank by 0.6% from the previous month in April 2023, compared with market forecasts of a 0.2% decrease and following a 1.1% rise in the prior month. Output declined in 16 of the 25 industrial branches, with the most significant negative influences coming from food products (-3.2%), machinery and equipment (-9.9%) and motor vehicles, trailers and bodies (-4.6%). Production also fell for computer equipment, electronic and optical products (-9.4%); extractive industries (-1.1%); beverages (-3.6%); metal products (-3.3%); other transport equipment (-5.2%) and electric machines, appliances and material (-2.9%). On a yearly basis, industrial production slumped by 2.7% in April, the most since January 2022, compared with market expectations of a 1.1% drop. Year-to-date, Brazilian industrial activity contracted by 1% over a year ago. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Industrial Production Mom in Brazil averaged 0.12 percent from 1985 until 2023, 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 June of 2023.
Industrial Production Mom in Brazil is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Industrial Production MoM is projected to trend around 1.00 percent in 2024, according to our econometric models.