Brazilian industrial production fell by 0.6% in August this year compared to the previous month, which eliminated the 0.6% advance registered in July. The data are from the Monthly Industrial Survey (PIM), released today (5) by the Brazilian Institute of Geography and Statistics (IBGE).
The industry also recorded drops of 0.1% in the quarterly moving average of 1.3% in the year and 2.7% in 12 months. On the other hand, an increase of 2.8% was observed in the comparison of August this year with the same period last year.
The fall from July to August was driven by eight of the 26 activities surveyed, with highlights for petroleum products and biofuels (-4.2%), food products (-2.6%), mining and quarrying (-3.6% ) and textile products (-4.6%).
“With this result, the industrial sector is still 1.5% below the pre-pandemic level, that is, February 2020, and 17.9% below the record level reached in May 2011”, explains researcher André Macedo. .
On the other hand, 18 industrial activities had an increase and prevented a more negative result for the Brazilian industry, including machinery and equipment (12.4%) and automotive vehicles (10.8%).
Two of the four major economic categories of industry fell: semi and non-durable consumer goods (-1.4%) and intermediate goods, that is, industrialized inputs used in the productive sector (-1.4%).
The increases were due to durable consumer goods (6.1%) and capital goods, that is, machinery and equipment used in the productive sector (5.2%).
