Brazil's industrial production dropped 21.9 percent year-on-year in May 2020, following a 27.3 percent slump in the previous month and compared with market expectations of a 22.3 percent decline.
Industrial Production in Brazil averaged 1.71 percent from 1976 until 2020, reaching an all time high of 37.20 percent in April of 1991 and a record low of -27.70 percent in April of 1990. This page provides the latest reported value for - Brazil Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Industrial Production 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 in Brazil to stand at 8.00 in 12 months time. In the long-term, the Brazil Industrial Production is projected to trend around 2.20 percent in 2021 and 3.00 percent in 2022, according to our econometric models.