Fast Market Research

New Market Report: Brazil Metals Report Q2 2014

Fast Market Research recommends "Brazil Metals Report Q2 2014" from Business Monitor International, now available

 
Repost This

Boston, MA -- (SBWIRE) -- 04/14/2014 -- We expect solid metals consumption growth in Brazil through 2018 on the back of the automotive, construction and infrastructure sectors, among others. Despite delays in infrastructure spending under the Growth Acceleration Programme, we see an uptick in construction activity in H214 and 2015, which should drive both production and consumption higher. Furthermore, we forecast gross fixed capital formation (GFCF) to accelerate from 2015 through 2018. Additionally, we forecast support for the metals sector due to our forecast for average annual real GDP growth of 3.0% from 2014 to 2018, with growth accelerating over the period.

Upside In 2015 Onward

View Full Report Details and Table of Contents

We remain constructive towards the Brazilian metals sector over the medium term, though note we expect 2014 to see muted production and consumption growth. After disappointing economic data in 2013, a year in which overall economic growth and fixed asset investment slowed, we see activity picking up towards year-end 2014 and into 2015. For full-year 2014 though, we recently downgraded our forecast for real GDP growth from 2.5% to 2.0% and our forecast for gross fixed capital formation (GFCF) from 5.0% to 4.5%.

Furthermore, infrastructure projects still face various delays, which presents a downside risk to our metals consumption and production forecasts this year. Yet from 2015 through 2018, we see a broader recovery, with GFCF averaging growth of 4.9% per year and real GDP growth averaging 3.3% per year. These growth forecasts are underpinned by our expectation for strong growth in metals-consuming sectors, including auto production, construction, and infrastructure.

We expect solid metals consumption growth in Brazil through 2018 on the back of the automotive, construction and infrastructure sectors, among others. Despite delays in infrastructure spending under the Growth Acceleration Programme, we see an uptick in construction activity in H214 and 2015, which should drive both production and consumption higher. Furthermore, we forecast gross fixed capital formation (GFCF) to accelerate from 2015 through 2018. Additionally, we forecast support for the metals sector due to our forecast for average annual real GDP growth of 3.0% from 2014 to 2018, with growth accelerating over the period.

Upside In 2015 Onward

We remain constructive towards the Brazilian metals sector over the medium term, though note we expect 2014 to see muted production and consumption growth. After disappointing economic data in 2013, a year in which overall economic growth and fixed asset investment slowed, we see activity picking up towards year-end 2014 and into 2015. For full-year 2014 though, we recently downgraded our forecast for real GDP growth from 2.5% to 2.0% and our forecast for gross fixed capital formation (GFCF) from 5.0% to 4.5%.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Materials research reports at Fast Market Research

You may also be interested in these related reports:

- Czech Republic Metals Report Q2 2014
- South Korea Metals Report Q2 2014
- South Africa Metals Report Q2 2014
- Australia Metals Report Q2 2014
- China Metals Report Q2 2014
- United States Metals Report Q2 2014
- Japan Metals Report Q2 2014
- Romania Metals Report Q2 2014
- Sweden Metals Report Q2 2014
- Netherlands Metals Report Q2 2014