4.6% growth in 2021, pointing to an economic performance better than expected and confirming resumed growth following negative 3.9% growth in 2020 due to the pandemic. Nevertheless, several factors could still interfere and turn 2022 into an even more challenging year. Growing uncertainties around the world due to the war in the Ukraine have created serious financial constraints, as the price of crude oil goes up, exchange indexes go down, and interest rates go up in Brazil, the US, and other developed nations. The increasing value of the US Dollar merely adds to this list. The most recent IBGE data reports a 0.3% increase in manufacturing output in March, which is still below pre-pandemic levels. Year-over-year however it dropped 2.1%.
As the year begins, industrial warehouses and warehouse parks are growing. Demand, driven by online trade, large retailers, and logistics operators should continue throughout 2022.Download Sao Paulo Industrial /Logistics Market Report Q1 2022