In February, industry rises in nine of the 15 places surveyed

April 09, 2019 09h00 AM | Last Updated: April 12, 2019 11h49 AM

From January to February 2019, there was a slight increase of 0.7% of the national industrial production, with positive rates in nine of the fifteen places, iin the seasonally adjusted series. The highest increases were in Bahia (6.5%), Northeast Region (6.2%) and Pernambuco (5.9%), but São Paulo (2.6%), Mato Grosso (1.7%), Amazonas (1.5%), Paraná (1.1%) and Ceará (1.1%) also had results above the national average. Santa Catarina (0.5%) closed the set of places with positive indices in February 2019. On the other hand, in the same comparison, the sharpest drops were in Espírito Santo (-9.7%) and Minas Gerais (-4.7%). The other negative rates were in Goiás (-2.6%), Rio de Janeiro (-2.1%), Rio Grande do Sul (-1.4%) and Pará (-0.1%). The support material of the Regional Monthly Survey of Industry (PIM) is on the right.

Short-term Indicators of Industry
Results by Area
February 2019
Places  Variação (%)
February 2019/
January 2019*
February 2019/
February 2018
Cumulative
January-February
Cumulative in the Last 12 Months
Amazonas 1.5 7.1 -2.0 0.7
Pará -0.1 12.7 5.2 9.1
Northeast Region 6.2 0.0 -3.0 -0.5
Ceará 1.1 8.2 3.2 0.4
Pernambuco 5.9 2.2 -1.5 3.7
Bahia 6.5 2.5 -1.8 -0.2
Minas Gerais -4.7 -0.8 0.0 -1.3
Espírito Santo -9.7 -11.7 -6.2 -0.6
Rio de Janeiro -2.1 -0.8 -1.1 1.2
São Paulo 2.6 5.3 0.0 0.0
Paraná 1.1 10.8 10.3 3.4
Santa Catarina 0.5 3.5 2.7 3.5
Rio Grande do Sul -1.4 7.2 6.7 5.9
Mato Grosso 1.7 0.0 -2.0 -0.3
Goiás -2.6 5.7 5.8 -4.0
Brazil 0.7 2.0 -0.2 0.5
Source: IBGE, Diretoria de Pesquisas, Coordenação de Indústria
* Seasonally-adjusted series

Also in the seasonally adjusted series, the quarterly moving average for the industry rose 0.1% in the quarter ended February 2019, after falling 0.2% in January. Eight places indicated positive rates, and the sharpest increases were recorded by Goiás (3.6%), Amazonas (2.8%), Pernambuco (1.5%), Northeast Region (0.8%), 8%), São Paulo (0.8%) and Bahia (0.7%). On the other hand, Espírito Santo (-4.7%), Minas Gerais (-1.3%) and Rio Grande do Sul (-0.8%) recorded the main setbacks in February 2019.

Compared with the same month of 2018, the industry rose 2.0% in February 2019, with 10 out of the 15 places surveyed reporting positive rates. It is worth mentioning that February 2019 (20 days) had two more workdays than the same month in the prior year (18). Pará (12.7%) and (10.8%) had the sharpest advances, leveraged mostly by the mining and quarrying industries (raw or improved iron ore), in Pará; and Motor Vehicles, trailers and semi-trailers (tractor truck for trailers and semi-trailers and cars), food products (meat and frozen chicken giblets, animal feed, Frozen beef, cakes, bagasse, bran and other residues of soybean extraction and chocolate candies and bars) and machinery and equipment (harvesting machines) in Paraná.

Ceará (8.2%), Rio Grande do Sul (7.2%), Amazonas (7.1%), Goiás (5.7%), São Paulo (5.3%), Santa Catarina (3.5%), Bahia (2.5%) and Pernambuco (2.2%) recorded the other positive rates in February, while Mato Grosso (0.0%) and Northeast Region (0.0%) repeated the result of February 2018. On the other hand, Espírito Santo (-11.7%) had the sharpest drop in February, pushed to a great extent by the negative behavior of mining and quarrying industries (pelleted or sintered iron ores and crude petroleum oil).  Rio de Janeiro (-0.8%) and Minas Gerais (-0.8%) also recorded negative rates in February.

In the cumulative rate in the year, over the same period of 2018, there were losses in seven of the fifteen places surveyed, with a highlight to Espírito Santo (-6.2%) driven to a great extent by the drops reported by mining and quarrying industries (Crude petroleum oil and pelleted and sintered iron ores) and Pulp, Paper and Paper Products (pulp). The Northeast Region
(-3.0%), Amazonas (-2.0%), Mato Grosso (-2.0%), Bahia (-1.8%), Pernambuco (-1.5%) and Rio de Janeiro (-1.1%) also recorded negative results, whereas São Paulo (0.0%) and Minas Gerais (0.0%) repeated the level of the first two months of 2018. On the other hand, there was expansion in six of the 15 places surveyed.

Paraná (10.3%) recorded the highest advance in the cumulative index of the year, leveraged, mostly by the motor vehicle activities, trailers and semi-trailers (tractor trucks for trailers and semi-trailers), food products (meat and frozen chicken giblets, animal feed, Frozen beef, chocolate candies and bars), coke, petroleum products and biofuels (diesel fuel ad motor gasoline) and machinery and equipment and machinery and equipment (harvesting machines). Rio Grande do Sul (6.7%), Goiás (5.8%), Pará (5.2%), Ceará (3.2%) and Santa Catarina (2.7%) also had positive rates in the cumulative indicator for January-February 2019.

Also in the cumulative index of the year (-0.2%), the total of industry, even with production setbacks, showed reduction in the pace of decline over the result seen in the last quarter of 2018 (-1.2%), both comparisons with the same period a year ago. In the areas, eight of the 15 places surveyed had gain of dynamism, with highlight to Goiás (-8.0% to 5.8%), Paraná (0.7% to 10.3%), São Paulo (-4.0% to 0.0%) and Ceará (0.7% to 3.2%). Conversely, the sharpest drops were in Espírito Santo (4.3% para -6.2%), in Bahia (2.6% para -1.8%) and in Pará (9.0% para 5.2%).

The cumulative index in the last 12 months (0.5% in February 2019) repeated January result and kept the downturn trend started in July 2018 (3.3%). In regional terms, eight of the fifteen places surveyed had positive rates in February 2019 and eight pointed out more dynamism over last January indexes.

The sharpest advances between Janeiro and February 2019 were in Paraná (2.5% to 3.4%), Pará (8.2% to 9.1%), Rio Grande do Sul (5.4% to 5.9%), Ceará (-0,1% to 0,4%), Minas Gerais (-1.7% to -1.3%) e Goiás (-4.5% to -4.0%), while Amazonas (1.2% to 0.7%), Espírito Santo (-0.2% to -0.6%), Rio de Janeiro (1.5% to 1.2%) e Pernambuco (4.0% to 3.7%) recorded the main pace declines.