Industrial production in Brazil fell 3.6 percent year-on-year in December 2018, following a 1.0 percent decline in the prior month and compared with market consensus of a 4.2 percent decrease. Among activities, main negative contributions came from food products (-7.8 percent); motor vehicles & trailers (-12.0 percent); rubber & plastic products (-10.5 percent), other chemicals (-6.2 percent); computer equipment, electronic & optical products (-19.0 percent); machinery & equipment (-6.2 percent); metallurgy (-4.2 percent); other transportation equipment (-18.5 percent); maintenance, repair and installation of machinery & equipment (-12.4 percent); products textiles (-11.1 percent), cellulose, paper & paper products (-3.0 percent); electric machines (-5.7 percent) and furniture (-9.5 percent).Considering full 2018, industrial output went up 1.1 percent. Industrial Production in Brazil averaged 1.90 percent from 1976 until 2018, 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.
Industrial Production in Brazil is expected to be 3.30 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 3.30 in 12 months time. In the long-term, the Brazil Industrial Production is projected to trend around 2.10 percent in 2020, according to our econometric models.