FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Mizuho on Industrial Production Data Released Earlier Today

BRAZIL
  • Brazil’s industrial production unexpectedly fell 0.2% MoM in November, marking the sixth consecutive month of declining output and the ninth in the last ten months. Analysts were looking for a 0.1% MoM gain.
  • The breakdown of the manufacturing data showed a sharp decline in production of capital goods (-3.0% MoM) and production of intermediate goods was flat.
  • On a positive note, consumer goods output rose slightly (0.1% MoM) and mining activity rebounded 5.0% MoM.
  • Importantly, industrial production dropped 2.1% QoQ in the quarter through November, leaving a carryover of -1.4% for the fourth quarter. Thus, industry data show that the sector continues having trouble gaining traction amid high production costs and input supply problems.
  • Inventories remain low though, which provides room for some improvement going forward, but early indicators of industrial activity for December suggest that any growth will be moderate.
  • Industry confidence fell a further 1.9% MoM in December, with the current conditions index dropping 2.62%, and capacity utilization declined a full percentage point last month.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.