Brazil Industrial Output Holds in October, Slips 0.5% From a Year Earlier

Overview

• Production rose 0.1% from September, which IBGE characterizes as stability, with eight of 15 locations posting monthly increases.
• Output fell 0.5% versus October 2024, with declines in six of the 18 regions tracked in the year-over-year comparison.
• Monthly leaders included Goiás (+6.5%), Mato Grosso (+5.8%), Amazonas (+4.1%) and Rio de Janeiro (+4.1%).
• São Paulo dropped 1.2% month over month and 4.6% year over year, exerting the largest negative influence on the national result.
• The sharpest annual falls were in Mato Grosso do Sul (−17.8%), Rio Grande do Norte (−9.5%), Mato Grosso (−8.2%), São Paulo (−4.6%), Paraná (−4.1%) and Pará (−3.9%), and IBGE noted that both Octobers had 23 working days and that monthly and annual samples cover 15 and 18 locations, respectively.