Industrial production in Brazil shrank 2.4 percent month-over-month in March of 2021, following an upwardly revised 1.0 percent drop in February and less than market expectations of a 3.5 percent fall. It was the steepest contraction since April of last year, amid the deadliest month in the country since the onset of the pandemic. Main downward pressure came from the auto industry (-8.4 percent), which has accumulated a loss of 15.8 percent in three straight months of declines; followed by wearing apparel & accessories (-14.1 percent); manufacture of other chemical products (-4.3 percent); manufacturing of pharmaceuticals (-9.4 percent); and production of leather, footwear & travel accessories (-11.2 percent). Year-on-year, industrial output advanced 10.5 percent, the highest jump since June of 2010, after a downwardly revised 0.3 percent rise in the previous month and beat estimates of a 7.6 percent gain. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Industrial Production Mom in Brazil averaged 0.14 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 May of 2021.
Industrial Production Mom in Brazil is expected to be 1.00 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 0.80 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.