Overview

• IBGE reported a 0.7% decline versus August 2024, with year-to-date growth at 0.9% and the 12-month rate at 1.6%.
• Three of four major categories and 16 of 25 industrial branches expanded from July to August.
• Pharmochemicals and pharmaceuticals jumped 13.4%, extending a four-month surge totaling 28.6%.
• Petroleum derivatives and biofuels rose 1.8% and food products gained 1.3%, each posting a second consecutive monthly increase.
• Capital goods fell 1.4% and machinery and equipment dropped 2.2%, while chemicals declined 1.6% and wood products slid 8.6%.