In the seasonally-adjusted series, the national industrial output decreased 0.9% in May 2024 over April and nine out of 15 places surveyed registered negative rates.

The steepest declines were in Rio Grande do Sul (-26.2%) and Espírito Santo (-10.2%). On the other hand, Pará (12.6%) and Bahia (8.2%) recorded the highest advances.

The quarterly moving average was negative ineight out of 15 places surveyed, hughlighted by the sharpest reductions reported by Rio Grande do Sul (-8.6%), Amazonas (-5.2%), Espírito Santo (-4.1%), Ceará (-2.5%) and Minas Gerais (-2.3%). Conversely, Mato Grosso (2.3%), Bahia (1.3%) and Pernambuco (1.1%) registered the major advances in May 2024.

Compared with the same month a year ago, industry fell 1.0% in May 2024, with negative figures in seven out of 18 places surveyed. The most intense drop was in Rio Grande do Sul (-22.7%).

In the cumulative index in the year of 2024, the rise of 2.5% of the national industry was followed by positive figures in 15 out of 18 places surveyed. Rio Grande do Norte (24.7%) and Goiás (10.2%) recorded the steepest two-digit advances.

In the seasonally-adjusted series, nine out of 15 places surveyed registered negative rates in May, following the retreat (-0.9%) of the national industrial output. Rio Grande do Sul (-26.2%) and Espírito Santo (-10.2%) recorded the sharpest declines, the former reporting the highest drop in the time series, and the latter offsetting the growth registered in the previous month (2.6%).

Amazonas (-5.3%), Ceará (-4.5%), Pernambuco (-3.7%), Minas Gerais (-3.3%) and Paraná (-1.7%) also recorded more intense drops than the national average (-0.9%). Santa Catarina (-0.5%) and São Paulo (-0.2%) completed the list of places with negative indexes in May 2024. 

On the other hand, Pará (12.6%) and Bahia (8.2%) reported the highest expansions this month, the former offsetting most of the drop of 12.7% registered in the previous month, and the latter growing once again, after retreating 4.2% last April. The Northeast Region (3.6%), Goiás (1.3%), Mato Grosso (0.6%) and Rio de Janeiro (0.1%) recorded the other positive figures this month.

The quarterly moving average index for industry changed -0.2% in the quarter ended in May against the level of the previous month and eight out of 15 places surveyed recorded negative rate, highlighted by the steepst declines reported in Rio Grande do Sul (-8.6%), Amazonas (-5.2%), Espírito Santo (-4.1%), Ceará (-2.5%) and Minas Gerais (-2.3%).

In contrast, Mato Grosso (2.3%), Bahia (1.3%) and Pernambuco (1.1%) registered the major advances in May 2024.

Compared with May 2023, industry fell 1.0% in May 2024, with negative rates in seven out of 18 places surveyed. It is worth mentioning that May 2024 (21 days) had less one business day than the same mont a year ago (22).

Rio Grande do Sul (-22.7%) recorded a two-digit retraction, the most intense one, pressed, to a great extent, by the impact caused by the rainfall occurred in May 2024 which affected the local productive sector.

Espírito Santo (-6.4%), Mato Grosso do Sul (-5.5%), Amazonas (-5.0%), Minas Gerais (-5.0%), Paraná (-2.1%) and Pará (-1.1%) completed the list of places that retreated their output in the monthly index of May 2024.

On the other hand, Rio Grande do Norte (25.8%) reported the highest expansion this month, leveraged, to a great extent, by the activities of coke, petroleum products and biofuels (diesel fuel), manufacture of wearing apparel and accessories (women´s blouses, shirts and the like and men´s breeches, bib and braces overalls, shorts and trousers) and food products (processed cashew nuts, ice creams and popsicles and wheat flour). Goiás (8.5%), Bahia (6.8%), Maranhão (6.8%), Santa Catarina (5.8%), Rio de Janeiro (5.0%), Pernambuco (3.5%), Northeast Region (3.1%), Ceará (2.6%), Mato Grosso (2.3%) and São Paulo (0.7%) advanced in the industrial production as well.

The cumulative index in the year, over the same period in the previous year, expanded 2.5%, with positive figures in 15 out of 18 places surveyed. Rio Grande do Norte (24.7%) and Goiás (10.2%) registered two-digit advances, the steepest ones in the cumulative index for the first five months of the year, leveraged, to a great extent, by the activities of coke, petroleum products and biofuels (diesel fuel and motor gasoline) in the former place; and of food products (fresh or cooled beef, mayonnaise, cooled, fresh or frozen poultry and giblets, tarts, bagasses and bran from soybean oil extraction, VHP and demerara sugar and crude and refined soybean oil), motor vehicles, trailers and bodies (cars) and chemicals (deodorants, hair preparations, NPK-based chemical or mineral fertilizers and liquid soaps or detergents) in the latter.

Ceará (6.5%), Santa Catarina (6.4%), Mato Grosso (5.6%), Rio de Janeiro (5.5%), São Paulo (3.6%), Amazonas (3.6%), Espírito Santo (3.6%), Pernambuco (3.1%), Bahia (2.6%) and Maranhão (2.6%) also recorded more intense positive rates than the national average (2.5%), whereas Minas Gerais (1.0%), Northeast Region (0.4%) and Paraná (0.1%) completed the list of places which grew their output in the cumulative index in the year.

In contrast, Pará (-1.6%) and Rio Grande do Sul (-1.1%) reported the sharpest retreats in the cumulative index for the January-May 2024 period, mainly pressed by the activities of mining and quarrying industries (manganese and iron ore - crude or processed) in the former place; and of machinery and equipment ((harvesters, agricultural tractors, backhoe loaders and seeders, planters or fertilizers), chemicals (NPK-based chemical or mineral fertilizers, unsaturated ethylene, polipropilene, unsaturated propene and linear poliethylene), food products (rice, animal feed, powdered milk, cooled or fresh poultry and giblets, condensed milk, bread, long-life/UHT/sterilized milk, wheat flour and sausages and other preparations of pork) and motor vehicles, trailers and bodies (cars, trailers and semi-trailers, and car pieces) in the latter.

Comparing the results of the first quarter of 2024 with the April-May 2024 period, both of them compared with the same periods in the previous year, eight out of 18 places surveyed gained dynamism, thus following the movement of the national total, which changed from 1.9% to 3.4%.

Pernambuco (from -0.1% to 8.0%), Maranhão (from -0.3% to 7.6%), Santa Catarina (from 3.5% to 10.7%), Paraná (from -2.5% to 4.0%), São Paulo (from 2.2% to 5.5%) and Northeast Region (from -0.9% to 2.4%) registered the steepst gains, whereas Pará (from 2.3% to -6.9%), Rio Grande do Sul (from 2.7% to -6.2%), Mato Grosso do Sul (from 2.3% to -2.7%), Espírito Santo (from 5.5% to 0.8%) and Minas Gerais (from 2.3% to -0.9%) recorded the major losses between the two periods.

Having advanced 1.3% in May 2024, the cumulative index over the last 12 months remained with a positive rate, though it reduced the growth pace against the result of April 2024.

In regional terms, 12 out of 18 places surveyed had positive rates in May 2024, though ten of them pointed out less dynamism over last April's indexes. Pará (from 5.0% to 2.8%), Rio Grande do Sul (from -0.7% to -2.7%), Amazonas (from 0.6% to -0.5%), Mato Grosso do Sul (from -0.4% to -1.4%), Minas Gerais (from 2.4% to 1.4%) and Espírito Santo (from 14.2% to 13.4%) recorded the major losses between April and May 2024, whereas Rio Grande do Norte (from 21.5% to 23.1%), Maranhão (from -3.1% to -1.8%), Ceará (from -1.7% to -0.8%), Bahia (from -0.2% to 0.7%), Santa Catarina (from 2.4% to 3.2%) and Goiás (from 9.4% to 10.2%) reported the major gains between the two periods.