In June 2018, the industrial production grew 13.1% over May (seasonally-adjusted series), offsetting the 11.0% decrease of the previous month, which reflected the truckers' strike. It was the highest increase of the time series, started in 2002.

Compared with June 2017 (unadjusted series), the industry grew 3.5% in June 2018, after falling 6,6% in the previous month, when it interrupted 12 consecutive months of positive rates. 

The indexes were positive both for the closing of the second quarter of 2018 (1.7%), and for the cumulative index of the year (2.3%). The cumulative index of the las 12 months, growing from 3.0% in May to 3,2% in June, recorded a slight gain in the pace of increase, after interrupting in the previous month the upward trend started in June 2016 (-9.7%).

The complete publication of the Monthly Survey of Industry (PIM-PF) can be accessed on the right of this page.

22 of the 26 surveyed sectors recorded highs in June

The rise of 13.1% in the industry from May to June 2018 reflects the growth of all major economic categories and of 22 of the 26 surveyed sectors.

Among the sectors, the main positive influences came from motor vehicles, trailers and bodies (47.1%) and food products (19.4%). Other significant positive contributions over the total industry came from beverages (33.6%), non-metallic mineral products (20.8%), pulp, paper and paper products (17.9%), rubber and plastic material (12.5%), other chemical products (7.3%), electrical machinery and apparatus (14.6%), metal products (11.1%), furniture (28.5%), toiletries, soaps, cleaning products and personal hygiene products (19.0%), apparel and accessories (13.5%), machinery and equipment (5,6%), leather goods, travel and footwear articles (14.5%), wood products (17.6%), computer equipment, electronic and optical products (7.1%) and basic metals (2, 5%). 

On the other hand, among the three declining production activities, the main impact on the national total came from other transportation equipment (-10.7%), which marked the second consecutive negative rate and accumulated a loss of 24.0% in this period.

Among the major economic categories, still in the comparison with the previous month, the category of durable consumer goods, rising by 34.4% in June 2018, showed the sharpest expansion of the month, influenced to a large extent by the greater production. This growth was the most intense since the beginning of the time series and offset the 26.1% loss observed in May.

Quarterly moving average grows 0.5%

In the seasonally-adjusted series, the industry's quarterly moving average grew 0.5% in the quarter ended in June 2018, after falling 3.4% in May.

Among the major economic categories, compared to the previous month, the capital goods segment (1.4%) had the highest positive result in that month, after falling 4.4% in the previous month. The sectors producing intermediate goods (0.8%), semi-durable and non-durable consumer goods (0.6%) and durable consumer goods (0.5%) also registered positive rates in June 2018, with the first interrupting the downward trajectory begun in January of that year; and the last two eliminating only a small part of the losses recorded in the previous month: -3.8% and -7.9%, respectively.

Industrial production grows 3.5% in relation to June 2017

In comparison with June 2017, the industrial sector grew 3.5% in June 2018, with positive results in the four major economic categories, 15 of the 26 segments, 45 of the 79 groups and 50.4% of the 805 products surveyed.

Among the activities, motor vehicles, trailers and bodies (26.7%) and coke, petroleum products and biofuels (11.4%) exerted the greatest positive influences on the formation of the industry average. Other positive contributions came from beverages (13.6%), pulp, paper and paper products (7.0%), mining and quarrying (1.6%), basic metals (3.3%) and non-metallic minerals (4.8%).

On the other hand, still in relation to June 2017, among the 11 activities with reduction in production, the main influence came from food products (-2.8%). It is also worth mentioning the negative contributions of other transportation equipment (-14.4%), textiles (-8.0%), miscellaneous products (-10.4%), apparel manufacturing and (-5.1%) and other chemical products (-1.9%).

In the comparison with the same month of 2017, durable consumer goods (16.0%) and capital goods (9.5%) registered, in June 2018, the most marked expansions among the major economic categories. The sectors of semi- and non-durable consumer goods (3.2%) and intermediate goods (1.8%) also showed positive results in that month, but with both moving forward at a lower intensity than the national average (3.5% %).

The segment of consumer durable goods increased 16.0% in June 2018 compared to the same period of the previous year, after falling 11.7% in May. In that month, the sector was particularly driven by growth in car manufacturing (32.4%). It is also worth mentioning the expansions marked by furniture (2.9%) and other household appliances (19.2%). On the other hand, the main negative impacts were verified in "white goods” (-10.2%) and "brown goods" (-15.4%) and motorcycles (-16.3%).

The capital goods sector grew 9.5% in June 2018, after falling 6.7% in May. The segment was influenced by the increase in capital goods for transportation equipment (20.5%). The other positive rates were miscellaneous products (17.8%), construction (24.7%), electricity (2.7%) and agricultural (1.3%). On the other hand, the only negative impact was marked by capital goods for industrial purposes (-4.1%).

Production of intermediate goods grew 1.8% in June 2018, after dropping 5.0% in May. The result of this month was explained by the advances in products associated with the activities of coke, petroleum products and biofuels (10.3%), motor vehicles, trailers and bodies (14.1%), pulp, paper and metal products (3.6%), mining and quarrying industries (1.6%), non-metallic mineral products (4.8%) and metal products (3.6% ).

Negative pressures came from food products (-7.7%), textiles (-10.0%), other chemicals (-2.1%), rubber and plastic products (-0.2%). and machinery and equipment (-0.4%). Alsol in this economic category, it is worth mentioning the positive results indicated by the groups of typical inputs for civil construction (3.6%), which reversed the 8.9% drop observed in May; and packaging (4.6%), which returned to grow after retreating 10.9% in the previous month.

In 2018, industry accumulated a high of 2.3%

In the cumulative index for January-June 2018, compared to the same period of the previous year, the industry grew 2.3%, with positive results in the four major economic categories, 14 of the 26 branches, 45 of the 79 groups and 49.6% of the 805 products surveyed.

The activity that exerted the greatest positive influence was motor vehicles, trailers and bodies (18.3%). Other positive contributions came from computer equipment, electronic and optical products (18.2%), basic metals (5.8%), machinery and equipment (4.3%), pulp, paper and paper products (4.2%), coke, petroleum products and biofuels (0.9%), beverages (2.7%), pharmaceuticals (3.6%) and rubber and plastic products (2.4%).

On the other hand, among the 12 activities in decline, the main influences came from other chemical products (-2.8%), mining and quarrying industries (-0.7%), food products (-0.6%) and leather goods for travel and footwear articles (-5.0%).

Among the major economic categories, the results of 2018 showed a greater dynamism for durable consumer goods (14.3%) and capital goods (9.5%), driven to a large extent by the increase in car manufacturing (15, 6%) and brown goods (27.9%), in the first; and capital goods for transportation equipment (18.2%), in the second. The sectors producing intermediate goods (0.9%) and semi-durable and non-durable consumer goods (0.7%) also registered positive rates in the cumulative index in the year but with advances below the national average (2.3% ).