Global economic activity remains resilient, with sharper drops in inflation among the more developed economies. According to Brazil’s Institute for Geography and Statistics (IBGE), the nation’s economy grew 3.4% in 2024 driven by services and manufacturing industry.
However, signs of an economic slow-down, a challenging scenario regarding inflation, foreign exchange, and the job market have caused experts to review the growth expectations for 2025. The Central Bank expects GDP to grow by 2%.
As disclosed in early February in the first Monthly Survey of Industry published by the IBGE, Brazil’s Institute for Geography and Statistics, manufacturing output increased 3.1% in 2024 compared to 2023, however, the economy slowed down, with a drop in output associated with the drop in consumer and executive confidence, tighter monetary policy, and rising inflation.
The market for high-end manufacturing and logistics warehouses in São Paulo continues to expand, albeit with some minor adjustments early in the year.
Download Sao Paulo Industrial /Logistics Market Report Q1 2025