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Brazil’s industry seems to be emerging from long recession

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After two years of the most severe recession in Brazil’s history, economic indicators continue to show positive results. In September, domestic industry activity increased by 2.6% over the same period last year, the best performance for the month on this comparison basis since 2013, according to data released on Wednesday (Nov. 1) by the Brazilian Institute of Geography and Statistics (IBGE).

With this result, Brazilian industry output reached a 0.4 per cent increase in the last twelve months, the first positive number after 39 months of decline in that comparison basis.

September figures reveal  that recovery is widespread. All major industry categories saw growth compared to September last year, Regarding the major categories, output was up for durable consumer goods (16.2%), capital goods (5.7%), intermediate goods (1.9%), and semi-durable and non-durable consumer goods (0.1%).

Among the industrial subsegments, the main advances were recorded in automotive (20.9%), computer and optical equipment (16.9%), furniture (11%), petroleum products (3.9%) and food products (3.6%).