In the seasonally-adjusted series, the national industrial output changed -0.1% in November 2022 over October, after advancing 0.3% in the previous month, when it interrupted two consecutive months of negative rates, which accumulated a drop of 1.3%. In the seasonally-unadjusted series, industry grew 0.9% over November 2021, after also growing in October (1.7%), September (0.4%) and August (2.8%) 2022. In 2022, the sector accumulated a reduction of 0.6% and, in 12 months, a drop of 1.0%.

In the negative change of 0.1% in the industrial activity between October and November, only one out of four major economic categories and 11 out of 26 sectors surveyed decreased their output.

Among the activities, the most important negative influences came from mining and quarrying industries (-1.5%) and computer equipment, electronic and optical products (-6.5%). It is also worth highlighting the retreats recorded by the sectors of textiles (-5.4%), manufacture of wearing apparel and accessories (-3.8%), fabricated metal products (-1.5%) and non-metallic mineral products (-1.2%).

Among the 15 activities that grew, food products (3.2%), motor vehicles, trailers and bodies (4.4%), beverages (10.3%) and coke, petroleum products and biofuels (2.8%) exerted the major impacts. Other relevant positive contributions to the industry overall came from basic metals (3.1%), wood products (7.4%), miscellaneous manufacturing (6.5%) and toiletries, soaps, cleaning and personal hygiene products (3.5%).

Among the major economic categories, still comparing with the immediately previous month, durable consumer goods (-0.4%) registered the only negative rate and dropped for the third consecutive month, a period in which it accumulated a loss of 4.1%. On the other hand, the sectors producing capital goods (0.8%), semi and non-durable consumer goods (0.6%) and intermediate goods (0.4%) expanded this month, the first one offsetting part of the cumulative retreat of 4.4% in the months of October and September 2022; and the last two ones advancing for the second consecutive month and accumulating a growth of 0.9% and 1.1%, respectively.

Quarterly moving average changes -0.2%% in quarter ended in November

Still in the seasonally-adjusted series, the quarterly moving average for the overall industry changed -0.2% in the quarter ended in November 2022 over the previous month, after also declining in October (-0.4%), September (-0.3%) and August (-0.2%) 2022.

Among the major economic categories, durable consumer goods (-1.4%), capital goods (-1.2%) and semi and non-durable consumer goods (-0.2%) reported the negative figures this month, the first one offsetting the advance of 0.6% recorded in the previous month; the second one interrupting four consecutive months of growth, a period in which it accumulated an expansion of 1.7%; and the last one maintaining the upward trend started in July. By showing a null change (0.0%), the sector producing intermediate goods interrupted three consecutive months of negative rates, a period in which it accumulated a loss of 0.9%.

Industry advances 0.9% over November 2021

Compared with November 2021, the industrial sector advanced 0.9% in November 2022, with positive figures in the four major economic categories, 12 out of 26 sectors, 33 out of 79 groups and 39.8% of the 805 products surveyed. It is worth mentioning that November 2022 (20 days) had the same number of business days as the same month a year ago (20).

Among the activities, the major positive influences on the industry overall were registered by food products (8.6%) and motor vehicles, trailers and bodies (13.1%). It is also worth highlighting the positive contributions reported by the sectors of beverages (5.8%), coke, petroleum products and biofuels (1.9%), other transportation equipment (23.6%), basic metals (3.5%), other chemicals (1.9%) and pulp, paper and paper products (2.8%).

Among the 14 activities that registered a reduction, manufacture of wearing apparel and accessories (-15.5%), wood products (-25.1%) and mining and quarrying industries (-2.9%) exerted the major influences. Other important negative impacts were recorded by non-metallic mineral products (-6.9%), textiles (-15.6%), fabricated metal products (-6.9%), electrical machines, appliances and material (-9.4%), machinery and equipment (-3.0%), furniture (-12.7%), computer equipment, electronic and optical products (-6.2%), maintenance, repair and installation of machinery and equipment (-10.8%) and leather, travel articles and footwear (-5.9%).

Among the major economic categories, durable consumer goods (2.0%) recorded the steepest expansion compared with the same month a year ago. The sectors producing intermediate goods (1.3%), capital goods (0.7%) and semi and non-durable consumer goods (0.2%) also registered positive figures this month.

The sector producing durable consumer goods grew 2.0% over the same period last year, the sixth consecutive positive figure in this type of comparison. That sector was leveraged by the expansion in the manufacture of cars (12.8%). It is also worth mentioning the advances in brown goods (1.5%) and motorcycles (17.0%). Conversely, the negative impacts came from the reduced production of white goods (-17.3%) and from the groups of other household appliances (-22.7%) and furniture (-12.4%).

After also increasing in October (1.9%), the production of intermediate goods grew 1.3% in November 2022. The positive result this month was mainly explained by the advances in products associated with the activities of food products (20.6%), motor motor vehicles, trailers and bodies (16.5%), basic metals (3.5%), other chemicals (1.9%), machinery and equipment (4.0%), pulp, paper and paper products (2.1%) and coke, petroleum products and biofuels (0.5%), whereas the negative pressures were registered by mining and quarrying industries (-2.9%), non-metallic mineral products (-6.9%), fabricated metal products (-8.0%), textiles (-14.3%) and rubber products and plastic material (-3.1%).

Still in this economic category, it is worth mentioning the results of typical inputs for civil construction (-5.8%), which reported the 15th consecutive retreat in this type of comparison; and of packaging (0.0%), which repeated the level of the previous month after dropping 1.2%% last October.

The segment of capital goods advanced 0.7%, after recording a negative change of 0.2% in October, when it interrupted two consecutive months of positive rates. That segment was influenced by the expansion in the group of capital goods for transportation equipment (20.0%). The other positive results were in the groups of capital goods for electricity (12.2%) and for construction (9.0%). On the other hand, the negative impacts came from capital goods for mixed use (-15.7%), for industrial use (-4.7%) and for agriculture (-8.9%).

After increasing in October (0.4%), the sector producing semi and non-durable consumer goods changed 0.2%. The positive performance this month was explained by the growth in the group of non-durable (5.5%). It is also worth mentioning the positive results recorded by the groups of fuels (6.4%) and food and beverages for domestic consumption (1.1%). In contrast, the group of semi-durable (-13.0%) reported the negative rate in this category.

Industry accumulates drop of 0.6% between January and November 2022

In the cumulative index for January-November 2022, the industrial sector dropped 0.6%, with negative figures in four out of four major economic categories, 16 out of 26 sectors, 54 out of 79 groups and 61.1% of the 805 products surveyed.

Among the activities, the major negative influences were registered by mining and quarrying industries (-3.2%), fabricated metal products (-9.8%), basic metals (-4.9%), electrical machines, appliances and material (-10.9%) and rubber and plastic products (-6.0%). It is also worth highlighting the negative contributions registered by the sectors of textiles (-12.9%), furniture (-17.2%), non-metallic mineral products (-4.7%), manufacture of wearing apparel and accessories (-8.2%), wood products (-11.3%), machinery and equipment (-1.8%) and pharmochemicals and pharmaceuticals (-3.2%).

Among the ten rising activities, that of coke, petroleum products and biofuels (6.6%) exerted the greatest influence. Other important positive impacts were recorded by food products (2.4%), motor vehicles, trailers and bodies (2.9%),  other chemicals (2.7%), pulp, paper and paper products (3.4%), beverages (3.5%) and other transportation equipment (12.2%).

Among the major economic categories, the profile of the results for the first 11 months of 2022 was less dynamic for durable consumer goods (-3.2%), pressed by the reduction in the manufacture of house appliances (-13.8%), especially white goods (-18.8%). The segments of intermediate goods (-0.5%), semi and non-durable consumer goods (-0.5%) and capital goods (-0.4%) also declined in the year, though all of them below the industry average (-0.6%).