The manufacturing industry closed the month of December 2022 with an increase in the number of hours worked in production, in the real wage bill and in the average worker income, informed today (2), in Brasília, the National Confederation of Industry (CNI). The data, which appear in the Industrial Indicators bulletin, point to a growth trajectory that was consolidated throughout 2022.
Employment registered stability for the second consecutive month, reinforcing the accommodation of the pace of growth. On the other hand, real billing and the use of installed capacity (UCI) declined, although they remain at a high level.
According to the bulletin, of the six registered indicators, only the UCI had a drop throughout the year. The other five registered growth in the annual comparison.
The CNI said that among the main factors that contributed to this advance in 2022 are the gradual reorganization of supply chains, the inflationary slowdown and the recovery of the labor market, associated with more heated economic activity.
“The advance happens despite rising interest rates, which continue to impede a more expressive advance in industrial activity,” said the CNI.
In December 2022, the real turnover of the manufacturing industry decreased by 0.4% compared to the result of November, in the seasonally adjusted series. Despite the negative variation in the month, billing remains at the second highest point since 2015. In the accumulated comparison from January to December 2022 compared to the same period in 2021, billing notes an increase of 2.8%.
Hours worked grow
The number of hours worked in production increased by 0.6% in December 2022, compared to November, also in the seasonally adjusted series. In the annual comparison, there was a growth of 2.7% in hours worked in 2022.
In the last month of 2022, industrial employment remained stable for the second consecutive month, with a change of 0.1% compared to November. With the result of the month, employment ends 2022 with an increase of 1.5% in the accumulated from January to December 2022, compared to the same period of 2021.
Another indicator, related to the real wage bill in the manufacturing industry, also grew for the second consecutive month, with a rise of 0.3% in comparison with November, in the seasonally adjusted series.
“Throughout 2022, there were nine hires in 12 months, which gives a growing trajectory to the wage bill. From January to December, the growth was 3.7%”, explained the CNI.
Yield on the rise
The real average income of industry workers showed, throughout 2022, seven increases in 12 months, closing, in the accumulated from January to December, with an increase of 2.1%. In December 2022, the indicator increased by 0.8% in December 2022, compared to November, in the seasonally adjusted series.
The use of installed capacity, on the other hand, decreased by 0.6 percentage points (pp) in December 2022 compared to November.
“Throughout 2022, the series shows a gradual downward trend, but still remains above the level practiced between 2016 and 2019. In comparison with December 2021, the indicator shows a decline of 2.1 pp”, announced the CNI.
