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Industrial output changed –0.2% in November

January 08, 2014 09h00 AM | Last Updated: February 22, 2018 04h09 PM

November 2013 / October 2013

-0.2%

November 2013 / November 2012

0.4%

Cumulative in 2013

1.4%

Cumulative in 12 months

1.1%

Quarterly Moving Average

0.3%

 

In November 2013, the national industrial output declined 0.2% over the immediately previous month in the seasonally adjusted series, after registering positive rates in August (0.2%), September (0.6%) and October (0.6%).

Comparing with the same month last year in the seasonally unadjusted series, the overall industry advanced 0.4% in November 2013, recording the third consecutive positive figure in this type of comparison, though less intensely than those posted in the two previous months: September (2.0%) and October (1.0%).

In the cumulative index in the first 11 months of 2013, the industrial activity rose 1.4% over the same period last year. By expanding 1.1% in November 2013, the annualized rate, cumulative indicator in the last 12 months, posted a slight gain over October (0.9%), yet repeating the figure registered in September (1.1%).

The complete publication of the survey can be accessed on page www.ibge.gov.br/home/estatistica/indicadores/industria/pimpfbr/.

 

14 of the 27 subsectors surveyed recorded decrease in November

The negative change of industrial activity by 0.2% from October to November was followed by the decrease of output in 14 of the 27 subsectors surveyed, the main highlight being the influence exerted by motor vehicles (-3.2%) which recorded its second consecutive negative resuly, and had cumulative loss of 6.6% in the period. It is worth mentioning that this decrease brought back part of the 9.1% gain observed in the months of August and September. Other negative contributions to the overall result of industry came from machinery and equipment (-3.0%), publishing, printing and reproduction of recorded media (-5.3%), medical, optical and other equipment (-16.0%), mining and quarrying industries (-3.1%) and fabricated metal products (-3.4%).  With this month's results, the first subsector eliminated the 2.1% advance observed in October; the second returned part of the 12.8% expansion recorded in the previous month; the third faced its fourth negative consecutive rate, having recorded, in the period, cumulative loss of 20.4%; the fourth recorded its first negative result since March; and the last one eliminated part of the increase of 4.4% accumulated in the months of September and October. On the other hand, among the thirteen activities with expansion of output, the best performances in terms of the overall average were those of pharmaceuticals (9.6%), oil refining and ethanol production (4.0%), other chemicals (3.3%), basic metals (3.1%), office machinery and computer equipment (3.8%), food products (0.5%) and communication equipment, apparatus and electronic material (2.7%). 

Among the categories of use, also in comparison with the immediately previous month, capital goods (-2.6%) was the only one to face decrease in November 2013, eliminating part of the 6.3% cumulative gain observed from August to October. On the other hand, the output of intermediate goods, having increased 1.2%, recorded its most significant expansion in the month and had its fourth consecutive positive result, having accumulated, in the period, increase of 2.5%. The sectors of durable consumer goods (-0.7%) and semi-durable and non-durable consumer goods, both with increase (0.3%) also recorded expansion in November. The former reversed the 1.1% decrease of the previous month, and the latter recorded the second consecutive positive result and expansion of 1.6% in the period. 

Quarterly moving average changes 0.3%

Still concerning the seasonally adjusted series, the evolution of the quarterly moving average index for the overall industry pointed to a positive change of 0.3% in the quarter which ended in November against the level of the previous month, after the increase in October (0.4%), interrupting the downward trend which started last June. Among the categories of use, also in terms of the change of the marginal index, intermediate goods (0.6%), durable consumer goods (0.5%) and capital goods (0.4%) also recorded positive rates in the month. The first group accelerated over the previous month (0.4%); the second recorded increase for the second month in a row and had cumulative gain of 1.1%, and the last one kept the upward trend initiated last June. The production of semi-durable and non-durable consumer goods had null change (0.0%) in the month and interrupted a sequence of two negative indexes: September (-0.9%) and October (-0.2%). 

In comparison with November 2012, industrial output changes 0.4%

The comparison with the same month in the previous year shows that the industrial sector changed 0.4% in November 2013, with a predominance of positive results, since most of (15) the 27 subsectors surveyed recorded increase of production. Positive figures prevailed, once the majority (17) of the 27 activities increased the production. Among the activities, petroleum refining and alcohol production (10.8%) accounted for the main positive influences on the average of industry, mainly due to the expansion of production of motor gasoline and ethyl alcohol, diesel and other fuel oil, ethyl alcohol and naphthas for petrochemical industry. Other relevant positive contributions to the national result came from other chemicals (5.3%), machinery and equipment (4.7%), communication equipment, apparatus and electronic material (15.8%), other transportation equipment (10.4%) and basic metals (4.2%).  In terms of products, the most relevant positive contributions to these subsectors were, respectively, herbicides, insecticides for use in agriculture, oxygen and vinyl polychloride (PVC); motor graders, forklift trucks, wheel loaders, machinery and equipment for the pulp segment, harvesting machines, microwave ovens and air-conditioning appliances; televison sets and telephone switching equipment; airplanes and motorcylces; aluminum oxide, steel wire, carbon steel bars, tinplates and rolled steel products. 

On the other hand, also in comparison with November 2012, among the 12 activities which recorded output decrease, the main contributions came from beverages (-11.2%), publishing, printing and reproduction of recorded media (-10.2%), food products (-2.9%), medical, optical and other equipment (-24.1%) ad motor vehicles (2.8%), mainly due to the items soft drinks, beers, draft beer and syrup and powder for the preparation of beverages, in the first subsector; books, newspapers, magazines and CDs, in the second, concentrated orange juice, crystallized sugar, ice-cream and popsicles, in the third; logical-programmable controllers, instruments and apparatuses for blood transfusion and speed gauges, in the fourth, and cars, in the last one. 

In the indexes by categories of use, also in comparison with the same month in the previous year, the results of November 2013 were positive for capital goods (9.6%), which recorded the highest level of expansion, and intermediate goods (1.3%), which also advaced above the national average (0.4%). On the other hand, negative results were recorded by durable consumer goods (-4.1%) and semi-durable and non-durable consumer goods (-1.6%). 

The sector of capital goods, having increased 9.6% in November 2012, recorded its 11th consectuvive positive result in comparison with the same month a year before. It is woth mentining the influence of the low basis for comparison, since this egment fell 9.8% in November 2012. Considering the formation of indexes in the month, the segment was influenced by the increase observed in most of its groups, the highlights being: the increase of 9.0% recorded by capital goods for trasnportation equipment, mainly affected by the bigger output of tractor trucks for trailers and semi-trailers, airplanes, trucks, buses and trailers and semi-trailers. The other positive results were registered by capital goods for construction (55.7%), for mixed use (2.6%), for agriculture (18.3%), for electricity (0.9%), whereas capital goods for industria use (-1.5%) represented the only negative rate in the month.

The segment of intermediate goods (1.3%), after recording decrease of 0.7% in the monthly index of last October, recorded expansion in November once more. In the result of this month, the positive impacts were observed in the products related to petroleum reninig and alcohol production (8.3%), other chemicals (5.7%0, bais metals (4.2%), non-metallic minerals (3.2%), mining and quarrying industries (0.2%) and basic metals (0.1%), whereas the negative contributions came from motor vehicles (-5.1%), food products (-3.7%), pulp, paper and paper products (-2.8%), rubber and plastic (-3.3%) and tetiles (-2.9%). It is also worth mentioning the positive results which came from inputs for civil construction (1.6%%), which recorded increase for the third month in a row, and the output decrease affecting packages (-1.5%), which interrupted two months of positive results.

Also versus the same month a year ago, the segment of durable consumer goods, having decreased 4.1% in November 2013, recorded the worst decrease among all categories of use and was influenced, to a great extent, by the lower production of cars (-11.1%), white household appliances (-5.0%) and furniture (-7.0%). On the other hand, also in this category of use, there were positive impacts coming from the output of brown household appliances (34.5%), motorcycles (11.5%), mobile telephones (0.2%) and other household appliances (0.4%).

Producers of semi durable and non-durable consumer goods, having decreased 1.6% in the monthly index of November 2013, had its fourth negative result in a row and the worst decrease in this sequence. This month's performance was partially explained by the decrease of production of the following groups: food products and beverages for domestic consumption (-5.5%), other non-durable goods (-2%) and semidutable goods (-2.8%), mainly affected by the reduced output of soft drinks, concentrated orange juice, beer, draft beer and popsicles, in the first subsector; books, medicines, newspapers and magazines, in the second, and dresses, cds and women's pants, in the last one. On the other hand, the inluence of fuels was observed in the group of fuels (15.2%0, mainly due to advances in motor gasoline and ethyl alcohol. 

Industry advances 1.4% in terms of 2013's cumulative index

The cumulative index of the first 11 months of 2013, compared with the same period a year ago, reflected the increase of industrial production (1.4%), with positive rates in three of the four categories of use, 16 of the 27 subsectors and 44 of the 76 subsectors and in 51.5% of the 755 products surveyed. Among the activities, motor vehicles, which grew 13.2%, remained as the main positive influence on the formation of the industry average, mainly due to the bigger production of most products surveyed in the sector (approximately 80%), the main highlights being the bigger production of tractor-trucks for trailers and semi-trailers, trucks, cars and vehicles foir the transportation of goods. Other positive constributions to the national index came from petroleum refining and alcohol production (7.7%), machinery and equipment (6.6%), other transportation equipment (7.8%), other chemicals (1.6%) and electrical machinery and apparatus (4.5%). In terms of products, the positive impacts in these subsectors were, respectively, diesel and other fuel oils, motor gasoline and ethyl alcohol; machinery and equipment for the pulp sector, forklifts, motor graders and agricultural tractors; air-conditioning appliances; ball bearings for industrial equipment, agricultural tractors, wheel loaders, passenger elevators and harvesting machines; airplanes; vinyl polychloride (PVC), herbicides and insecticides for use in agriculture; electric conductors, wires and cables, electric alarm apparatuses and frames, panels, booths and other structures equipped with voltage protection devices; and optic fiber cables for telecommunications. On the other hand, among the 11 subsectors which faced production decrease, the main impacts were those of publishing, printing and reproduction of recorded media (-10.2%), pharmaceuticals (-8.5%), mining and quarrying industries (-3.9%), beverages (-3.8%) and basic metals (-2.2%). The highlights in these activities were the lower production of books newspapers and magazines, in the first one; iron ore and crude petroleum oil, in the second; soft drinks, beer and draft beer, in the third; and non-alloy aluminium in raw forms, steel rebars, ingots, blocks, rods or plates and aluminium oxide, in the last one. 

Among the categories of use, the profile of results for the cumulative index in the period January-November 2013 showed bigger dynamism for capital goods (14.2%), mainly due to the positive indexes in all the groups, the main highlights being the bigger production of capital cgoods for tranportation equipment (20.3%). Producers of durable consumer goods also recorded expansion (1.2%) considering cumulative indexes in the 11 months of the year, but below the national average (1.4%). The production of intermediate goods (0.2%) recorded slight positive change, whereas that of semi-durable and no-durable consumer goods, with decrease of 0.4%, represented the only negative result of the cumulative index in the year.