Brazil’s industrial production advances in June

Brazil’s industrial production index (IPI) grew by 8.9% m/m in June
Brazil’s industrial production index (IPI) grew by 8.9% m/m in June
Brazil’s industrial production index (IPI) grew by 8.9% m/m in June

Brazil’s industrial production index (IPI) grew by 8.9% m/m in June, seasonally adjusted, registering the second increase in a row after plummeting in March and April, as many factories stopped working due to the COVID-19 spread. The positive June figure was influenced by the motor vehicles segment, which grew by 70% m/m, as many factories resumed operations during this month. 

Brazil’s industrial production advances in June

However, on an annual basis, the industrial production continues to stay below the levels observed before the pandemic. The indicator fell by 9% y/y in June, and by 11% y/y in H1 2020 compared to H1 2019.

Further data and analysis on Brazil’s economy could be found on the CEIC Brazil Economy in a Snapshot – Q2 2020 report.

Country

Di., 11.08.2020 - 13:46 Brazil’s industrial production advances in June