The external environment is challenging, with uncertainties regarding economic slowdown in the U.S. and the Fed’s stance. In Brazil, economic and employment indicators have exceeded expectations, leading to a revision of the GDP growth projection for 2024, which rose from 2.3% to 3.2%. Despite this, slower growth is anticipated in the second half of 2024, with a forecast of 2% for 2025.
The most recent information from the Federation of Industries (CNI) is that manufacturing output dropped slightly compared to the previous quarter, primarily due to food, beverages, and chemicals.
Despite a decline in lease activities this quarter, the outlook for the year remains positive for high-end logistics and industrial warehouses in Rio de Janeiro.
Download Rio de Janeiro Industrial Market Report Q3 2024