Industry output sees growth in 2018

published: Feb 08, 2019 06:00 PM, last modified: Feb 08, 2019 06:00 PM

Sector grew in 11 of 15 sites surveyed by IBGE. Analysts forecast 3.04% growth in output in 2019

Industry output grew for the second consecutive year in 2018, according to IBGE - Photo: EBC

Industry production ended last year with widespread growth in the Brazilian regions. According to the Brazilian Institute of Geography and Statistics (IBGE), 11 of the 15 sites surveyed showed progress, with national average growth of 1.1%. The data was released this Friday (January 8).

The result shows the continued recovery of national industry, which grew for the second consecutive year, after several retractions during the previous years of the economic recession.

Highlights

According to the survey, the highest growth rates were seen in the states of Pará (+9.6%), Rio Grande do Sul (+5.5%), Amazonas (+5.2%), Pernambuco, Santa Catarina (+4.0%), Paraná (+1.8%) and Rio de Janeiro (+1.8%). In the year, the only falls were recorded in Goiás (-4.5%), Minas Gerais (-1.0%), Espírito Santo (-0.9%) and Mato Grosso (-0.1%).

National result

Together, the state-level results add up to a national average growth rate of 1.1% in 2018, the second consecutive year of industrial growth. For 2019, analysts heard by the Central Bank are expecting to see 3.04% growth in domestic industry.