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Industry grows 1.1% in September, reveals IBGE research

Interest rate affects industrial investments in innovation

Brazilian industry production grew 1.1% in September this year compared to August. This is the second consecutive increase because in August the expansion was 0.2%. The Monthly Industrial Survey (PIM) was released this Friday (1st), in Rio de Janeiro, by the Brazilian Institute of Geography and Statistics (IBGE).Industry grows 1.1% in September, reveals IBGE research

The industry also expanded in comparison with September last year (3.4%), the fourth consecutive increase, and in the year (3.1%) and 12 months (2.6%).

The main increases in September – compared to August – came from the sectors of coke, petroleum products and biofuels (4.3%), food products (2.3%), motor vehicles, trailers and bodies (2.5% ), tobacco products (36.5%), metallurgy (2.4%) and electrical machines, apparatus and materials (3.3%). In total, 12 of the 25 industrial sectors surveyed showed growth.

Fall

At the same time, 12 sectors fell, with emphasis on extractive industries (-1.3%), chemical products (-2.7%), other transport equipment (-7.8%) and pharmochemical and pharmaceutical products (- 3.7%). Rubber and plastic products showed stability in production.

Three of the industry’s four major economic categories grew from August to September: capital goods, that is, machinery and equipment used in the productive sector (4.2%), intermediate goods (industrialized inputs used in the productive sector (1.2%) and semi- and non-durable consumer goods (0.6%). Only the durable consumer goods segment fell (-2.7%).

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