UBR - The Brazilian Economy: Current Winners Can Become Probable Underperformers
Quicker recovery in the industry
The industrial activity is essential to the Brazilian economy. According to the data provided by the National Industry Confederation, it generates nearly 21% of the country's GDP.
If we look at Brazil's GDP structure in the first quarter of 2020, we will see that among the industrial sectors, the manufacturing and construction sectors sagged the most compared to the fourth quarter of 2019.
Brazil GDP Annual Growth Rate, % change
Source: IBGE
However, the data from leading indicators suggest that the industry is recovering at the moment more confidently than