Even though the Brazilian economy surpassed the expectations of many economists, 2021 was another turbulent year. After a crisis-fraught 2020, it had been expected that 2021 would be a year of timid growth and slow recovery, as everything indicated that the pandemic would last for several months, hampering the return to business. In 2021, the economy recovered, and government accounts improved; it is expected that the GDP will experience growth, and the service industry shows that recovery is underway. However, unemployment remains high, inflation and the USD exchange are rising, the stock exchange is dropping, and an institutional crisis reveals the fragility of the current economic scenario.
Brazilian manufacturing output was still experiencing difficulties at the start of the 4th quarter and dropped unexpectedly in October - 0,5% compared to the previous month, contributing to a 3,75% drop in five months. In the year, the sector accumulated 3.9% expansion after two consecutive years of decline (-1%) and 2020 (-4.5%).
Since 2020, the market for high-end industrial and storage/logistics warehouses has been on the rise. The demand for modern and well-located properties to improve supply chain efficiency and meet changing consumer demands has never been as high as it is now, in particular by e-commerce, retail, and logistics companies.Download Sao Paulo Industrial /Logistics Market Report Q4 2021