Industrial production drops 0.6%, reveals IBGE survey

Compared to October 2020, the drop is 7.8%

Published in 03/12/2021 - 10:04 By Agência Brasil - Rio de Janeiro

National industrial production fell by 0.6% from September to October this year. It is the fifth consecutive fall in the indicator, which accumulates a loss of 3.7% in the period. Data from the Monthly Industrial Survey were released today (3), in Rio de Janeiro, by the Brazilian Institute of Geography and Statistics (IBGE).

In comparison with October 2020, the drop reached 7.8%. Despite this, the industry accumulates production increases of 5.7% in the year and in the 12-month period.

The retraction from September to October was caused by production losses in 19 of the 26 activities surveyed by the IBGE. The main declines were observed in mining and quarrying (-8.6%) and food products (-4.2%).

The sectors of machinery and equipment (-4.9%), electrical machinery, equipment and material (-5.6%), textile products (-7.7%), metallurgy (-1. 9%) and maintenance, repair and installation of machinery and equipment (-21.6%).

Comparison

On the other hand, seven activities had an increase in production in October, compared to the previous month, with highlights to coke, petroleum products and biofuels (3.7%), other chemical products (2.1%) and products of rubber and plastic material (1.8%).

Among the four major economic categories, the main fall came from durable consumer goods, which fell 1.9% from September to October and accumulated ten months of losses. The other negative results came from semi and non-durable consumer goods (-1.2%) and intermediate goods, that is, industrialized inputs used in the productive sector (-0.9%).

Capital goods, that is, machinery and equipment used in the productive sector, form the only category with a rise in the period (2%).

“More than the result of the month itself, the very sequence of negative results is noteworthy, five months of consecutive drops in production, a period in which it accumulates a 3.7% retraction. Each month that industrial production retreats, it moves further away from the pre-pandemic period. At the moment, it is 4.1% below the level of February 2020”, said the research manager, André Macedo.

Text translated using artificial intelligence.

Edition: Kleber Sampaio

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