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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil Industrial Output held to 2.5% in February 2013
FMPMonthlyReleased March 2013
Brazil Industrial Output held to 2.5% in February 2013, released March 2013.
Latest Release
2.500000
Actual
—
Consensus
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Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/BRL | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Output (Brazil) was reported at 2.5% in March 2013.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/BRL (Bullish BRL). A secondary relationship exists with BTC/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Unemployment Rate (Aug 27) and Gross Domestic Product MoM (Aug 28).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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Industrial Output - BR
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About Industrial Output — Brazil
DEFINITION
Industrial Output is a financial indicator that measures the total value of goods and services produced by the manufacturing, mining, and utility sectors within a specific country or region. It provides valuable insight into the overall health and productivity of the industrial sector, which is a key driver of economic growth. This indicator is closely monitored by investors, policymakers, and analysts as it can indicate changes in consumer demand, business confidence, and overall economic activity.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual 2.5 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/BRL (Bullish BRL, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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