In the seasonally-adjusted series, the national industrial output changed 0.1% in June 2025 over May. In the seasonally-unadjusted series, it dropped 1.3% in relation to June 2024. The cumulative index in the year stayed at 1.2% and, in the last 12 months, at 2.4%.

Positive rates prevailed in two out of four broad economic categories and 17 out of 25 sectors surveyed between May and June 2025. Among the activities, the most important positive influence came from motor vehicles, trailers and bodies (2.4%), which grew again after retreating 4.0% in May 2025, interrupting two consecutive months of expansion, a period in which it accumulated a gain of 4.2%. It is also worth mentioning the activities of basic metals (1.4%), pulp, paper and paper products (1.6%), rubber and plastic products (1.4%), other transportation equipment (3.2%), chemicals (0.6%), pharmochemicals and pharmaceuticals (1.7%) and printing and reproduction of recorded media (6.6%).

Among eight activities that retreated, mining and quarrying industries (-1.9%), coke, petroleum products and biofuels (-2.3%) and food products (-1.9%) exerted the major negative impacts. The first one interrupted four consecutive months of growth, a period in which it accumulated an expansion of 9.3%; the second one accumulated a loss of 9.1% at three consecutive months of negative rates; and the last one registered the fourth consecutive month of drop, a period in which it accumulated a retreat of 3.6%. Also noteworthy was the negative influences of beverages (-2.6%), leather, traveling goods and footwear (-4.0%) and electrical machinery and apparatus (-2.7%).

Among the broad economic categories, still comparing with the previous month in the seasonal-adjusted series, capital goods (1.2%) and durable consumer goods (0.2%) recorded positive rates in June, after retreating, respectively, 1.6% and 3.3% in the previous month. The sectors of semi and non-durable (-1.2%) consumer goods and of intermediate goods (-0.1%) had negative results in June. The first one recorded the third consecutive month of fall, a period in which it accumulated a retreat of 5.7%. The second one repeated the loss of May 2025 (-0.1%).

Quarterly moving average changes -0.4% in the quarter ended in June

Still in the seasonal-adjusted series, the evolution of the quarterly moving average index showed a negative change of 0.4% in the quarter ended in June compared to the level of the previous month and interrupted the upward trajectory that began in February. Among the broad economic categories, semi and non-durable consumer goods (-1.9%) and durable consumer goods (-1.0%) reported negative rates. On the other hand, the segments of capital goods (0.2%) and intermediate goods (0.2%) pointed out positive results in June 2025.

Industrial output retreats 1.3% over June 2024

Compared to the same month of the previous year, the industrial sector fell 1.3% in June 2025, with negative results in two out of four broad economic categories, 12 out of 25 branches, 37 out of 80 groups and 48.2% of the 789 products surveyed. June 2025 (20 days) had the same number of business days as the same month of the previous year (20).

Among the activities, the major negative influences on the total industry were registered by coke, petroleum products and biofuels (-13.2%) and food products (-3.2%), largely pressured by the lower production of ethyl alcohol in the first; and concentrated orange juices, VHP, crystallized and refined sugar from sugar cane, cookies and crackers, toasted and ground coffee, rice, frozen poultry and giblets and wheat flour in the second. Other more intense negative contributions were marked by the sectors of pharmochemicals and pharmaceuticals (-7.4%), beverages (-5.0%), computer equipment, electronic and optical products (-4.0%) and pulp, paper and paper products (-1.8%).

Also compared to June 2024, among the 13 expanding activities, mining and quarrying industries (3.8%) exerted the greatest influence on the total result, driven by the higher production of crude petroleum oil, pelleted or sintered iron ore and natural gas. Other relevant positive contributions came from maintenance, repair and installation of machinery and equipment (14.2%), basic metals (4.0%), rubber and plastic products (5.0%), chemicals (1.9%), textiles (9.4%), other transportation equipment (10.0%), motor vehicles, trailers and bodies (1,4%), tobacco products (13.7%) and machinery and equipment (1.9%).

Semi and non -durable consumer goods and capital goods retreat compared to June 2024

Still comparing with the same month of the previous year, semi and non-durable (-8.8%) consumer goods and capital goods (-1.2%) registered the negative rates among the broad economic categories in June 2025. On the other hand, intermediate goods (1.7%) and durable consumer goods (0.2%) pointed out the positive results in June 2025.

Having retreated 8.8% in June 2025 over the same period last year, semi and non-durable consumer goods accumulated the third consecutive negative rate and the highest one since January 2022 (-10.6%). The negative performance this month was mainly explained by the retreat in the group of fuels (-27.6%), largely pressured by the lower production of ethyl alcohol. It is also worth mentioning the negative results of the groups of food and beverage for domestic consumption (-3.2%), non-durable (-4.3%) and semi-durable (-2.1%), largely influenced by the production of the items concentrated orange juice, beers and draft beer, cookies and crackers, soft drinks and toasted and ground coffee, rice and frozen poultry and giblets, in the first; of medicines, in the second; and of mobile phones, women´s shirts, blouses and the like (knitted or not), aluminum artifacts for domestic use, men's leather shoes, synthetic sports shoes, mattresses and curtains and their accessories, in the third. The only positive impact came from the sub-sector of food and beverages for domestic consumption (30.0%), largely driven by the higher production of frozen, cooled or fish fillets and other meat, and frozen fish.

Having retreated 1.2% in June 2025 over the same period a year ago, the production of capital goods showed again a negative result after growing in May 2025 (1.4%), when it interrupted two consecutive months of negative rates: April (-3.8%) and March (-1-1.%) 2025. The sector was influenced by the declines of capital goods groups for mixed use (-6.4%), for industrial use (-0.8%), for transportation equipment (-0.6%) and for construction (-1.2%). On the other hand, the sub-sectors of capital goods for agricultural use (2.4%) and for electricity (1.6%) recorded the positive impacts in June 2025.

Having grown 1.7% in June 2025 over the same period of the previous year, the sector of intermediate goods reported the fourth consecutive positive rate, though the less intense of this sequence. This month's index was mainly explained by the advances in products associated with the activities of mining and quarrying industries (3.8%), basic metals (4.0%), textiles (13.8%), chemicals (3.2%), rubber and plastic products (5.3%), motor vehicles, trailers and bodies (4.3%), machinery and equipment (1.6%) and fabricated metal products (0.3%), while negative pressures were registered by food products (-5.2%), coke, petroleum products and biofuels (-2.2%), pulp, paper and paper products (-2.0%) and non-metallic mineral products (-1.0%). It is also worth mentioning the negative results of the groups of typical inputs for construction (-1.6%), which retreated once again after registering a growth in May (1.8%) and a drop in April (-1.4%) 2025; and of packaging (-0.4%), which marked the third consecutive negative rate in this type of comparison, but the lowest one in this sequence.

Durable consumer goods changed 0.2% in June 2025 compared to the same period of the previous year and marked the thirteenth consecutive positive rate, yet the less intense of this sequence. The sector was driven by the highest manufacturing of motorcycles (45.8%) and brown goods (0.7%). In contrast, the major negative impacts came from white goods (-16.4%) and cars (-2.1%). It is also worth mentioning the setbacks recorded by groups of other appliances (-5.9%) and furniture (-0.9%).

Industry grows 0.5% in the second quarter

Having expanded 0.5% in the second quarter (April-June), the industrial sector maintained the positive behavior started in the fourth quarter of 2023 (1.1%). However, it reduced the pace against the results of the first quarter of the year (2.1%), of the last quarter of 2024 (3.1%) and of the July-September period last year (3.9%). All these comparisons are against the same period of the previous year. This lower dynamism was noticed in three out of four broad economic categories, especially semi and non-durable consumer goods (from 1.3% to -5.9%), largely pressured by the lower production of the group of fuels (from 10.3% to -20.9%). Durable consumer goods (from 11.4% to 5.5%) and capital goods (from 4.5% to -1.2%) also retreated between these two periods, while intermediate goods (from 1.3% to 3.0%) was the only one that gained pace and registered the most intense advance since the second quarter of 2021 (17.7%).

Cumulative index in the year grows 1.2%

In the cumulative index in the year, compared to the same period of the previous year, industry grew broad economic categories, 18 out of 25 sectors, 52 out of 80 groups and 55.8% of the 789 products surveyed.

Among the activities, the major positive influences came from mining and quarrying industries (3,2%), motor vehicles, trailers and bodies (5.7%), machinery and equipment (8.5%), chemicals (4.1%) and basic metals (4,7%), mainly driven by a higher manufacture of items crude petroleum oil, manganese and copper minerals and their concentrates, natural gas and iron ore, in the first one; cars, car pieces, vehicles for transportation of goods and trucks, in the second one; wall/window or transportable air conditioners (including split systems), forklift trucks, agricultural tractors, hydraulic tools for manual use, machines or appliances for the agricultural sector, casting ingot molds, grain cleaning and selection machines and harvesters, in the third one; fungicides and insecticides (both for agricultural use), herbicides for plants and NPK-based chemical fertilizers, in the fourth one; and re-rolled bars, rebars, wire-machine and other long steel products , re-rolled plates, coils, ribbons and straps , carbon steel hot coils, zinc and alloys of raw shapes, ferroniobium, precious metals and their alloys in gross shapes, flexible and drawn tubes of iron and steel and stainless steel coils or plates, in the last one.

Other significant positive contributions came from the sector of textiles (11.4%), maintenance, repair and installation of machinery and equipment (9.6%), rubber and plastic products (2.1%) and fabricated metal products (1.9%).

Still in the cumulative index in the year, among the seven dropping activities, coke, petroleum products and biofuels (-5.1%) exerted the most intense negative influence, mainly pressured by the lower production of ethyl alcohol and diesel fuel. Also, among the negative impacts, food products (-0.9%), pulp, paper and paper products (-1.8%), printing and reproduction of recorded media (-8.7%) and beverages (-1.5%) stood out.

Among the broad economic categories, the profile of results for the first six months of 2025 showed greater dynamism for durable consumer goods (8.3%), largely driven by the higher production of cars (9.2%), and for brown goods (8.7%). The sectors producing intermediate goods (2.2%) and capital goods (1.5%) also signaled positive rates in the cumulative index in the year and pointed to higher advances than those noticed in the industry average (1.2%). Having retreated 2.6%, the segment of semi and non-durable consumer goods registered the only negative rate in the semester of the year.