The reduced pace of the national industrial output between December 2016 and January 2017 occurred in five out of the 14 places surveyed in the seasonally-adjusted series.

The drop was greater in Bahia (-4.3%), Ceará (-3.4%) and Rio Grande do Sul (-3.1%), places that recorded positive rates in the previous month: 1.6%, 11.6% and 6.2%, respectively. The Northeast Region (-1.8%) and Paraná (-0.8%) close the set of places with output decline this month.

Espírito Santo (4.1%), Pará (2.4%), Goiás (2.4%) and Pernambuco (2.1%) registered the positive results this month, with the first state recording the third month in a row with output growth and registering in the period a 10.4% gain; the second state offset part of the 0.2% loss seen in December last year; the third state accumulated expansion of 7.2% in the last two months and the last one increased the pace over  the previous month (0.9%). The other positive rates were reported by São Paulo (1.0%), Minas Gerais (0.7%), Santa Catarina (0.6%), Amazonas (0.5%) and Rio de Janeiro (0.3%).

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Short-Term Indicators of Industry
Results by Area
January 2017

Source: IBGE, Diretoria de Pesquisas, Coordenação de Indústria
* Seasonally-Adjusted Series

Still concerning the seasonally adjusted series, the evolution of the quarterly moving average index for the overall industry pointed to an increase of 0.9% in the quarter ended in January 2017 against the level of the previous month, intensifying the positive result seen in December last year (0.5%), when it interrupted the downward trend started in July 2016. In regional terms, still in relation to the movement of this index on margin, seven places recorded positive rates. The sharpest ones occurred in Espírito Santo (3.4%), Minas Gerais (3.1%), Pará (3.1%), Ceará (1.7%) and Santa Catarina (1.4%). Bahia (-1.6%), Northeast Region (-0.8%) and Pernambuco (-0.6%) registered the main drops.

 In relation to January 2016, industry grows in 12 out of 15 places surveyed

In the comparison with the same month of the previous year, the industrial sector expanded 1.4% in January of 2017, with 12 of the 15 places surveyed pointing to positive results. January 2017 (22 days) had two more working days than the same month in the previous year (20).

This month, Pernambuco (14.1%), Espírito Santo (13.4%) and Mato Grosso (13.3%) recorded the sharpest increases, leveraged by the output growth in the sectors of food products (sugarcane refined sugar, VHP and crystallized sugar, margarine, cookies and crackers, cured chicken and related products, vegetable oil and dry pasta), in the first place; basic metals (iron and steel hoses and drawn tubes and carbon steel hot-rolled coil) and mining and quarrying industries (Crude petroleum oil, iron ores and natural gas), in the second; and of food products (cake, bagasse, crumbs and other residue of soybean oil extraction and crude soybean oil), in the last one.

Goiás (8.5%), Pará (8.2%), Amazonas (7.5%), Santa Catarina (5.6%), Minas Gerais (4.8%), Rio de Janeiro(4.6%) and Paraná (4.1%) also recorded positive rates above the industry average this month (1.4%), whereas São Paulo (1.2%) and Ceará (0.4%) close the set of places with output increase this month.

Bahia (-15.5%) had the sharpest drop in January 2017, pressed by a negative behavior from the sectors of coke, petroleum products and biofuels (diesel fuel, fuel oil fuels and naphthas for petrochemical purposes), motor vehicles, trailers and bodies (automobiles), basic metals (cooper and cooper alloy bars, profiles, rebars) and mining and quarrying industries (copper ore, natural gas and in crude petroleum oil). The other negative figures were posted in Rio Grande do Sul (-4.1%) and in the Northeast Region (-2.9%).

In the cumulative index in 12 months, industry declined in 14 of 15 places

Having declined 5.4% in January 2017 for the overall of the national industry, the annualized rate -cumulative indicator in the last 12 months -  kept the downward trend started in June 2016 (-9.7%). In regional terms, 14 out of the 15 places surveyed recorded negative rates in January 2017, but 12 showed greater dynamism against the index of last December.

The main pace increases between December 2016 and January 2017 were recorded by Pernambuco (-9.4% to -5.5%), Amazonas (-10.9% to -7.8%), Espírito Santo (-18.8% to -16.1%), Minas Gerais (-6.2% to -4.5%), Santa Catarina (-3.3% to -2.0%), São Paulo (-5.5% to -4.2%), Paraná (-4.4% to -3.2%) and Goiás (-5.2% to -4.2%), whereas Bahia (-5.2% to -7.2%) had the greatest decrease between the two periods.