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Produção industrial

São Paulo joins national industry in third month of decrease

Section: Economic Statistics | Pedro Renaux | Design: Helena Pontes

November 09, 2018 09h00 AM | Last Updated: November 09, 2018 03h51 PM

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The industrial sector of São Paulo decreased 3.9% in September, against the figure in August, and accounted for the major impact in the decrease of 1.8% of the Brazilian output. That is the third month in a row with negative results in the country and in São Paulo, which had a cumulative decrease of 1% in th third month against the same period in 2017. These data cn be found in the Monthly Survey of Industry, released today by the IBGE. 

The performance of São Paulo was affected, to a great extent, by the decrease in the output of motor vehicles, trailers and trunks. The analyst of the survey, Bernardo Almeida, highlights that  “as it holds 34% of the industry in the country, aSão Paulo accounted for the biggest negative contribution”.

Amazonas, which accounts for approximately 3% of the national output, recorded the biggest decrease in September, among the areas surveyed (5.2%): “That result was mainly influenced by the sector of beverages, which has great relevance in this region”, said the analyst. In comparison with September 2017, the two states accounted for the main negative rates, São Paulo with - 6.6% and Amazonas, -14.8%.

Among the 15 areas surveyd, seven recorded decrease in industrial output against the August result, a high figure, according to Bernardo, who analyzed the context of this result: “the political and economic scenario has brought uncertainties to the lievs of producers and consumers, causing retracton in decision-making, and eventually leading to deceleration”.

A scenario of uncertainty jeopardizes long-term analyses 

The cumulative index in 12 months changed from 3.1% in August to 2.7% in September, and industry faced decrease in dynamism, after interrupting, last MAY, an upward trend that had been observed since June 16. 

In regional terms, seven of the 15 areas surveyed recorded deceleration versus August indexes. “The annualized rate shows us a long-term perspective. Regional behavior is the same as that of national industry, in terms of reduction of production pace. When the atmosphere of uncertainty subsides, the behavior may be confirmed. For the time being that is only an alert."



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