National industry production increased by 2.6% in September, compared to August. It is the fifth monthly increase in a row, eliminating losses of 27.1% accumulated in March and April, when the sector recorded the lowest level due to the social distancing adopted to control the pandemic. The data comes from the Monthly Industrial Survey (PIM), released today (4) by IBGE.
“With the result of September, together with the advances of the previous four months, industrial production surpassed the pre-pandemic level in February by 0.2%. After the months of March and April and with the easing of social distancing measures, the industrial sector recovered, month by month, that level”, says the research manager, André Macedo.
In relation to September 2019, the industry grew 3.4%, interrupting ten consecutive months of negative results in this comparison. As a result, the industrial sector fell 7.2% in the year to date. In the last 12 months, industry production fell by 5.5%, indicating a slowdown in the loss trajectory that began in March.
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From August to September, the increase was widespread in all major economic categories and in 22 of the 26 sectors surveyed, for the fifth consecutive month, with emphasis on durable consumer goods, whose results were driven by the automobile industry.
“Motor vehicles, trailers and bodies advanced 14.1%. It is worth highlighting that this activity accumulated an expansion of 1,042.6% in five consecutive months of production growth, but it is still 12.8% below the February level”, explains Macedo.
As well as motor vehicles, other activities also grew for the fifth month in a row: machinery and equipment (12.6%), manufacture of leather clothing and accessories (16.5%), travel articles and footwear (17.1%). Food products (1.2%), metallurgy (3.5%) and non-metallic mineral products (4.2%) also contributed to the September result.
On the other hand, four activities reduced their production in September, with emphasis on extractive industries (-3.7%), which had the main negative impact on the month, interrupting three consecutive positive results, which accumulated an increase of 18.2%. The others were printing and reproduction of recordings (-4.0%), miscellaneous products (-1.3%) and other chemical products (-0.3%).
“The extractive industry saw a decline in September, but it was coming from three months of growth in production. In other words, it interrupts the positive behavior, but does not eliminate the positive balance of recent months. Even considering the drop in September, this activity is 5.7% above the level before the pandemic”, observes André Macedo.
Major economic categories advance for the fifth consecutive month
Among the major economic categories, durable consumer goods, growing by 10.7%, registered the most pronounced positive rate in September and the fifth consecutive month of expansion in production, accumulating an increase of 520.3% in this period. “It is worth mentioning that, even with these recent positive results, this segment is still 2.8% below the February level”, adds the research manager.
The sectors producing capital goods (7.0%), semi- and non-durable consumer goods (3.7%) and intermediate goods (1.3%) also recorded growth in September, with all also showing expansion for the fifth consecutive month and accumulating gains of 93.2%, 30.7% and 26.9%, respectively, during this period.
Source: Notícias Agrícolas
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