FX.co ★ Brazilian Industrial Production Grows the Most in 9 Months

Brazil's industrial output experienced a significant upswing, rising 1.2% month-over-month in March 2025, rebounding from a 0.1% decrease seen in February. This growth surpassed market expectations of a 0.3% increase and marked the most substantial rise in industrial production over the past nine months. Out of the 25 industrial sectors evaluated, 16 sectors showed a production increase. Notably, the pharmaceutical and chemical products sector led with an impressive 13.7% growth. Other sectors also saw increases, albeit at a more modest rate, including machinery and equipment (3%), petroleum products and biofuels (3.4%), extractive industries (2.8%), motor vehicles and bodies (4.0%), clothing and accessories (4.1%), furniture (5.6%), and miscellaneous products (5.0%). Conversely, nine sectors recorded a drop in production, with significant decreases in the chemical products (-2.1%) and food products (-0.7%). On an annual basis, industrial production was up 3.1% in March, following a 1.5% gain in February, outpacing market predictions of a 1.4% rise.