The prices of the Manufacturing Industry changed 0.62% in relation to October, above the rate registered in the comparison between October and September 2013 (-0.45%). The cumulative index in the year hit 5.04%, against 4.39% in October. The cumulative index in 12 months was 5.47%, against 5.09% in October IPP measures the evolution of “factory gate” prices, discounted taxes and freight, of 23 sectors of the manufacturing industry.  The complete publication can be accessed at www.ibge.gov.br/english/estatistica/indicadores/precos/ipp.

In November 2013, the prices of the Manufacturing Industry changed 0.62% when compared with October, a figure higher than that registered in the comparison between October and September (-0.45%). The November´s rate was the fourth highest rate in the year, only below those from August (1.43%), June (1.32%) and July (1.21%). It was not a coincidence that these same months recorded the highest devaluations of the Brazilian real against the American dollar: 6.78% (June), 3.68% (July), 4.00% (August) and 4.89% (November).

Still in this comparison, 16 out of the 23 activities recorded positive changes of price in November, against nine in the previous month. The four biggest changes in November were posted in the following industrial activities: tobacco (5.10%), other transportation equipment (3.08%), footwear and leather articles (2.78%) and electrical machinery and apparatus (2.59%). As to the influence over the change in relation to the previous month (0.62%), the highlights were food (0.25 p.p.), other chemicals(-0.10 p.p.), basic metals (0.09 p.p.) and motor vehicles (0.08 p.p.).

In November 2013, the cumulative rate in the year reached 5.04%, against 4.39% in October 2013. The highest percentage changes of this indicator were in the following activities: tobacco (12.94%), footwear and leather articles (9.22%), beverages (8.72%) and  textiles (8.28%). The biggest influences came from food (1.29 p.p.), basic metals (0.57 p.p.), oil refining and ethanol production (0.43 p.p.) and motor vehicles (0.36 p.p.).

As to the cumulative indicator in 12 months, the change was 5.47%, against 5.09% in October. The four biggest changes of prices were registered in: tobacco (14.63%), paper and pulp (8.84%), footwear and leather articles (8.35%) and electrical machinery and apparatus (8.15%). The biggest influences came from food (1.42 p.p.), basic metals (0.61 p.p.), oil refining and ethanol production (0.47 p.p.) and motor vehicles (0.39 p.p.).

Food: November´s figure (1.22%) reverted the drop in the previous month. As a result, the cumulative indicator in the year reached 6.38% and in the last 12 months, 7.04%.

Only one product stood out both in the monthly change and in the influence: "Sterilized / UHT / Long Life milk", with a negative bias. The other highlights in terms of change were "cocoa candies and chocolates", "ice creams, popsicles and edible iced products" and "cocoa butter", all of them recording a positive change. As to the influence, the other three products were "crystallized sugar", "cakes, bagasse, bran and other residues from soybean oil extraction" and "concentrated orange juice". The four highlights in terms of influence contributed with 0.59 p.p. (of 1.22%).

Oil refining and ethanol production: change of -0.14% in November over October 2013, following the negative path recorded in the previous month. This sector contributed with -0.02 p.p. to the overall manufacturing industry index. It posted a cumulative rise of 3.96% in the year and of 4.32% in the last 12 months.

The four products that mostly weighted in the November over October indicator explained -0.11 percentage points out of -0.14% from all this sector: petroleum products like "aviation kerosene" and "naphtha" recorded negative changes, while "diesel fuel and other fuel oils" and "ethanol (anhydrous or hydrated)" rose. All the highlight products registered a positive bias in the year: "diesel fuel and other fuel oils", "motor gasoline", "kerosene" and "ethanol". As the year got close to its end, the cumulative indicator got close to that of the previous 12 months.

Other chemicals: -0.92% over October, second negative change in a row after four months of rises. This sector contributed with -0.10 percentage points to the overall index. The cumulative indicator in the year recorded 3.05% and, in the last 12 months, 3.48%.

This month, the four highlight products came from three different groups: "NPK-based manure and fertilizers", "ethylene" and "propylene" with negative changes; "propylene" (high) and "high-density polyethylene", also as positive influences. The highlights "herbicides", "propylene" and "polypropylene" rose in the year, though dropping in the last month. "NPK-based manure" dropped.

Basic metals: The November figure (1.20%) reverted the drop posted in the two previous months. The cumulative indicator in the year changed from 6.14% in October to 7.41% and, as a result, this indicator and the cumulative indicator in the last 12 months (8.01%) were the highest among the months of November since the time series started in December 2010.

Two out of the four biggest price changes in the sector of basic metals were negative (steel related), whereas the other two were positive, related with non-ferrous metals that closely followed the London Metal Exchange. The same products that stood out in terms of price rise were also the highlights in terms of influence this month: "non-alloy aluminum in raw form" and "copper and copper alloy bars, profiles and rebars".

The same four products stood out in relation to the cumulative indicator in the year and in the last 12 months, all of them posting a positive change in their prices: "non-alloy aluminum in raw form", "cold-rolled steel carbon coils, non-coated", "hot-rolled steel carbon coils, non-coated" and "carbon steel ingots, blocks, rods or plates".

Motor vehicles: this sector registered a rise of 0.72% over October, reverting the negative figure recorded in October. The biggest highlights were "passenger cars, gasoline, ethanol or bi-fueled, of any power", "motor pieces for motor vehicles", "starters for spark-ignition engines" and "tractor trucks for trailers and semi-trailers".The cumulative indicator in the year advanced to 3.18%, above the cumulative index in November 2012 (0.79%). The cumulative indicator in the last 12 months registered positive figures along 2013, reaching 3.44% in November. In terms of the cumulative indicators in the year and in the last 12 months, the highlights were "passenger cars, gasoline, ethanol or bi-fueled, of any power", "motor pieces for motor vehicles" and "tractor trucks for trailers and semi-trailers", all of them with positive changes. The product "chassis with motor for buses and trucks" also stood out in both indicators, yet recording a negative change.