What Does Industrial Production Say About the Speed of Recovery?

BRAZIL ECONOMICS - Report 06 Feb 2017 by Affonso Pastore, Cristina Pinotti, Marcelo Gazzano and Caio Carbone

Brazil is nearing the end of the long and deep recession that began in the second quarter of 2014. In phases like this it is common for some sectors to start recovering while others are still contracting. This is one of the reasons to avoid making inferences about economic trends based on high-frequency movements in one sector or another. The strong growth of manufacturing in December is an example. Since the start of 2016, the 12-month rates of industrial output have been shrinking at a more moderate pace, and now are fluctuating near zero, suggesting that entry into positive territory is impending. However, the strong growth in December is far from an indication of a new trend, and instead will likely be followed by a correction in the opposite direction.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.