Brazil's industrial production grows 0.3 percent from April to May - Plataforma Media

Brazil’s industrial production grows 0.3 percent from April to May

The sector hasn’t been able to recover from January’s 1.9 percent loss. The Brazilian industrial production grew 0.3 percent from April to May this year. It is the fourth consecutive increase. Despite four months of growth, the industry has not yet managed to replace the 1.9 percent loss from January.

The sector is also still 1.1 percent below the pre-pandemic level (February 2020) and 17.6 percent below the record level reached in May 2011. The data are from the Monthly Industrial Survey (PIM), released today (5), in Rio de Janeiro, by the Brazilian Institute of Geography and Statistics (IBGE). Compared to May 2021, the industry grew 0.5 percent. In the quarterly moving average, the high is 0.4 percent.

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In the year and 12-month accumulated, however, there were falls of 2.6 percent and 1.9 percent, respectively.

From April to May, 19 of the 26 industrial activities surveyed had an increase in production, especially machinery and equipment (7.5 percent), motor vehicles, trailers and bodies (3.7 percent), food products (1.3 percent), leather, travel goods and footwear (9.4 percent) and machinery, appliances and electrical materials (5.5 percent).

Decline

Seven activities declined in the period, among them extractive industries (-5.6 percent) and other chemical products (-eight percent). Among the four major economic categories of industry, only intermediate goods, i.e. the industrialized inputs used in the production sector, had a decline from April to May (-1.3 percent).

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Capital goods, i.e. machinery and equipment used in the production sector, registered an increase of 7.4 percent. Durable consumer goods (three percent) and semi- and non-durable consumer goods (0.8 percent) also grew.

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