Brazil’s industrial production fell 0.4% month-over-month in September 2025, less than market expectations of a 0.5% drop and after a downwardly revised 0.7% rise in August. Output in extractive industries declined 1.6%, while manufacturing was flat. Production fell sharply for pharmaceuticals (-9.7%) and motor vehicles (-3.5%), but increased for food (1.9%), tobacco (19.5%), and wood products (5.5%). By category, durable consumer goods recorded the largest decline (-1.4%), followed by intermediate goods (-0.4%) and consumer goods (-0.1%). On the other hand, capital goods edged up 0.1%. Year-on-year, industrial production grew 2.0%, following a revised 0.7% rise in August.