Brazil's industrial production slumped 4.4% year-on-year in November of 2021, the fourth straight month of declines and worse than market estimates of a 4.2% fall. "The Brazilian industry still suffers from the effects of the pandemic crisis, rising interest rates and falling demand, impacted by high inflation and precarious employment conditions", IBGE’s research manager André Macedo noted. Considering the first 11 months of 2021, industrial activity rose 4.7% over a year ago, largely due to low base effects. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Industrial Production in Brazil averaged 1.78 percent from 1976 until 2021, 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 January of 2022.
Industrial Production 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 is projected to trend around 2.90 percent in 2023 and 3.00 percent in 2024, according to our econometric models.