Industrial output changes by -0.2% in July
September 04, 2018 09h00 AM | Last Updated: September 05, 2018 06h20 PM
In July 2018, industrial output in the country recorded a decrease of 0.2% against the result of June (seasonally-adjusted series), after recording increase of 12.9% in June and a decrease of 10.9% in May.
Period | Rate |
---|---|
July 2018 / June 2018 | -0.2% |
July 2018 / July2017 | 4.0% |
Cumulative in 2018 | 2.5% |
Cumulative in 12 months | 3.2% |
Quarterly moving average | 0.1% |
There was increase of 4.0% in July 2018 over July 2017 (seasonally adjusted series), and also increase againt the figure registered a year ago (3.4%).
Industry had a cumulative increase of 2.5% in the year. There was acceleratiom in the cumulative figure of the last 12 months, with a change from 3.1% in June to 3.2% in July 2018.
The support material to the survey (PIM-PF) can be found on the right of the page.
Industrial Output by Major Economic Categories - Brazil - July 2018 | ||||
---|---|---|---|---|
Major Economic Categories | Change (%) | |||
July 2018/ June 2018* |
July 2018/ July 2017 |
Cumulative in January-July | Cumulative in the last 12 Months | |
Capital Goods | -6.2 | 6.5 | 9.0 | 9.5 |
Intermediate Goods | 1.0 | 3.5 | 1.3 | 2.1 |
Consumer Goods | -1.2 | 4.6 | 3.5 | 4.2 |
Durable | -0.4 | 16.9 | 14.6 | 15.9 |
Semi and Non-durable | -0.5 | 1.8 | 0.8 | 1.5 |
Overall Industry | -0.2 | 4.0 | 2.5 | 3.2 |
Source: IBGE, Diretoria de Pesquisas, Coordenação de Indústria *Série com ajuste sazonal |
Negative rates reach 10 of the 26 subsectors surveyed
The -0.2% change in industry, from June to July 2018, reflects the negative rates registered by 10 of the 26 subsectors surveyed, the main highlights being motor vehicles, trailers and bodies (-4,5%) and food products (-1.7%). Other negative contributions came from computer equipment, electronic and optical products (-7.2%), non-metallic mineral products (-3.0%) and leather goods for travel and footwear articles (-5.4%).
Among the 16 subsectors which recorded increase of output in July 2018, the highlights were other chemicals (4.3%), With increase recorded for the second month in a row and cumulative 12.6%; other transportation equipment (16.7%), eliminating part of the 24.4% decrease observed in the months of May and June; machinery and equipment (2.9%), with a cumulative 8.6% in the last two months; and coke, petroleum derivatives and biofuels (1,0%), recording a hike for the fifth month in a row and increase of 13.6% in the period.
Among the major economic categories, also in comparison with June 2018, capital goods, having decreased by 6.2%, recorded the biggest decrease in July. Semi and non-durable goods (-0.5%) and durable consumer goods (-0.4%) also recorded negative rates. Intermediate goods was the only segment with a positive result (1.0%), increase for the second month in a row and a cumulative result of 8.7% in the period.
Quarterly moving average changes by 0.1%
Also in the seasonally adjusted series, the quarterly moving average of industry changed 0.1% in the quarter ended July 2018, after increasing by 0.5% in June. Among the major economic categories, against the previous month, intermediate goods (0.6%) and semi and non-durable goods (0.2%) increased for the second month in a row. On the other hand, capital goods and durable goods fell by 1.5% and 0.7%, respectively.
Industrial output grows 4.0% over July 2017
In comparison with July 2017, the industrial sector increased 4.0% in July 2018, with positive results in the four major economic categories, in 19 of the 26 subsectors, in 54 of the 79 groups and 58.4% of the 805 products surveyed.
Among the activities, motor vehicles, trailers and bodies (21.0%) and coke, petroleum products and biofuels (11.3%) accounted for the main positive influences on the formation of the average of industry. Other positive contributions came from mining and quarrying industry (3.8%), beverages (12.5%), pulp, paper and paper products (9.2%), machinery and equipment (7.4%), other chemicals (4,2%), basic metals (4.8%), rubber and plastic products (5.0%) electrical machinery and apparatus (5.1%).
Also regarding July 2017, among the seven decreasing sectors, the main impact came from food products (-5.8%). Other highlights are the negative contributions to computer equipment, electronic and optical products (-9.5%) and leather goods for travel and footwear articles (-6.4%).
Also in comparison with July 2017, durable consumer goods recorded the biggest increase (16.9%), among the main economic categories, the second positive rate in a row. The performance was mainly a result of the output of cars (29.9%), besides expansion in white goods (4.1%), motorcycle (34.2%) and other household appliances (16.4%). The main negative impacts came from brown goods (-20.8%) and furniture (-1.2%).
Capital goods increased 6.5%, the second positive result in a row. The segment was influenced, to a great extent, by the rise of 10.5% in transportation equipment. The other positive contributions came from construction (29.4%), for mixed goods (8.4%), for agriculture (9.5%), for industrial use (0.9%) and for electricity (1.9%).
Intermediate goods recorded the second positive rate (3.5%). The sector was mainly influenced by the advances in the activities of coke, petroleum products and biofuels (15.9%),motor vehicles, trailers and bodies (13.7%), mining and quarrying industry (3.8%), pulp, paper and paper products (10.5%), basic metal (4.8%), other chemicals (4.3%), rubber and plastic products (5.0%), metal products (3.2%), machinery and equipment (3.6%) and non-metallic mineral products (0.3%), whereas the negative contributions came rom food products (-11.3%) and fabric (-2,4%).
The sector of semi and non-durable goods grew 1.8%, the second man positive result. That performance resulted, to a great extent, to the result of food and beverages for domestic use (2.5%).
It is worth mentioning the advances of fuels (3.2%) and non-durable goods (1.9%). Semi-durable goods (-1.6%) recorded the only decrease.
In 2018, industry had cumulative increase of 2.5%
In the cumulative index of January-July 2018, against the same period in 2017, industry increased 2.5%, with positive results in the four major economic categories, in 14 of the 26 subsectors, in 45 of the 79 groups and 52.2% of the 805 products surveyed.
Motor vehicles, trailers and bodies, with an increase of 18.7%, accounted for the biggest positive influence. Other relevant positive contributions came from basic metals (5.7%), coke, petroleum products and biofuels (2.6%), computer equipment, electronic and optical products (13.4%), machinery and equipment (4.7%), pulp, paper and paper products (4.8%), beverages (4.0%) and rubber and plastic products (2.9%).
Among the 11 decreasing activities, the main negative contributions came from food products (-1.8%), leather goods for travel and footwear articles (-5.3%) and other chemicals (-1.6%).
In the major economic categoories, the results of 2018 show bigger dynamism in durable consumer goods (14.6%) and capital goods (9.0%),mainly due to the expansion of car manufacturing (17.7%) and manufacure of brown goods (20.1%), in the former; and capital goods for transportation equipment (17.0%), in the latter. The producers of intermediate goods (1.3%) and semi and non-durable goods (0.8%) also recorded increase in cumulative figures in the year.