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Brazil Industrial Output Rises 0.9% in February, Topping Forecasts

The data suggest a restocking-led pickup despite fewer workdays lowering the year-on-year figure.

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O faturamento das PMEs recuou 0,2% em fevereiro de 2026, segundo o IODE-PMEs. Comércio e infraestrutura puxaram as perdas; indústria seguiu positiva.

Overview

  • IBGE’s Monthly Industrial Survey, released Thursday, showed output up 0.9% from January, marking a second straight gain and a result just above the 0.8% market median.
  • Production fell 0.7% versus February 2025, which the statistics agency linked to two fewer working days and a tougher comparison base last year.
  • All four major goods groups posted monthly growth, with 16 of 25 industries rising and leadership from motor vehicles up 6.6% and petroleum-derived products up 2.5%.
  • Pharmachemicals fell 5.5% alongside declines in chemicals at 1.3% and metallurgy at 1.7%, while output of industrial intermediates rose 1.1% and makes up about 55% of the sector.
  • Output stands 3.2% above the pre-pandemic level yet 14.1% below the 2011 peak, with January revised to 2.1% growth and the 12‑month change at 0.3%.