In June 2021, the industrial production showed no change (0.0%) over May in the seasonally adjusted series, after advancing 1.4% last May, when it interrupted three consecutive months of decrease. In this period, it accumulated a 4.7% loss. Compared to June 2020, the industry advanced 12% in June 2021 - the tenth consecutive positive rate in this kind of comparison. The industry accumulates highs of 22.6% in the second quarter of 2021 and 12.9% in the first half of the year. The cumulative rate in 12 months advancing 6.6% in June 2021 sharpened the growth seen last April (4.9%) and kept the prevailing upward trend started in August 2020 (-5.7%).

In the null change (0.0%) of industry in June 2021, three of the four major economic categories and most (24) of the 26 segments surveyed showed production decrease.

Production of motor vehicles shrinks 3.8%

Among the activities, the major negative influences came from motor vehicles, trailers and bodies (-3.8%), which went back to decrease in April (1.6%) and May (0.3%); pulp, paper and paper products (-5.3%), with the third month of decrease in a row and accruing in the period a loss of 8.4%; and food products (-1.3%), offsetting part of the 2.9% increase of May.

Other important negative contributions came from: metal products (-2.9%), mining and quarrying (-0.7%), miscellaneous products (-5.8%), electrical machinery and apparatus (-2.5%), furniture (-5.2%) and other chemicals (-0.8%).

On the other hand, among the elven activities that indicated growth in production, coke, petroleum products and biofuels (4.1%) exerted the main positive impacts in the month, increasing the 2.7% expansion seen in May. It is worth mentioning the advance in the sectors of machinery and equipment (2.9%), of other transportation equipment (11.0%), of leather, traveling items and footwear (6.0%) and printing and reproduction of recorded media (12.3%).

Among the major economic categories , semi- and non-durable consumer goods (-1,3%) had the sharpest negative rate in June 2021, eliminating part of the 3,6% advance recorded in May, when it interrupted the three consecutive months of fall, a period od cumulative decrease of 11.5%. Other negative results came from the segments of durable consumer goods (-0.6%), the seventh drop in a row and accumulating in the periods a 16.7% loss; and of intermediate goods (-0.6%), retreating 2.3% in three consecutive months of fall.

On the other hand, the capital goods sector (1.4%) indicated the only positive rate in June 2021, the third expansion in a row in this comparison and advancing 5.9% in the period.

Moving average has null change (0.0%) in June 2021

Also in the seasonally adjusted series, the quarterly moving average of the industry revealed no change (0.0%) in the quarter ended in June 2021, over the previous month after registering negative rates in March (-1.0%), April (-1.6%) and May (-0.9%).

Among the major economic categories, the month drops came from durable consumer goods (-1.5%), keeping the downward trend started in January 2021; and intermediate goods (-0.8%) in the fourth month in a row of losses, accumulating in the period a reduction of 1.8%.

On the other hand, the sectors of capital goods (1.9%) and of semi- and non-durable consumer goods (0.4%) recorded the positive results of June 2021, with both of them interrupting the three consecutive months of production decrease, when they accumulated losses of 4.9% and 9.5%, respectively.

Industry advances 12.0% over June 2020

Compared with June 2020, the industrial sector grew 12.0%, with positive figures in the four major economic categories, 19 out of the 26 sectors, 60 out of the 79 groups and 65.6% of the 805 products surveyed. June 2021 (21 days) had the same number of business days as the same month a year ago (21).

Among the activities, major influences on this result were recorded by: motor vehicles, trailers and bodies (81.5%), basic metals (47.7%) and machinery and equipment (52.5%).

Other important positive impacts were recorded by segments of non-metallic mineral products (25.5%), other chemicals (13.1%), manufacture of wearing apparel and accessories (54%), mining and quarrying (4.1%), leather, traveling goods and footwear (53.8%), rubber products and plastic material (13.0%) and metal  fabricated metal products (11.7%), miscellaneous manufacturing (44.1%), textiles (28.8%), other transportation equipment (37.2%), coke, petroleum products and biofuels (2.1%) and computer, electronic and optical products (13.3%).

On the other hand, still considering the comparison with June 2020, among the seven activities that recorded production decrease, food products (-7.3%) exerted the major negative influence in the formation of industry’s average, driven mostly by the lower manufacture of crystallized sugar and VHP sugar.

Among the major economic categories, capital goods (54.8%) and durable consumer goods (31.0%) recorded the biggest highs in June 2021. The sectors of intermediate goods (10.8%) and of semi- and non-durable consumer goods (1.6%) also recorded positive rates this month, but both with advances below the industrial average (12.0%). It is worth mentioning that the high positive results highlight the low basis of comparison, due to the effects of social isolation in the COVID-19 pandemic, when these segments recorded drops: -22.8%, -34.8%, -5.6% and -5.0%, respectively.

The sector of capital goods (54.8%) recorded the tenth consecutive positive rate in this type of comparison, with expansion in most groups, especially capital goods for transportation equipment (90.3%). The other positive rates came from capital goods for industrial use (36.2%), for construction (158.4%), for mixed use (35.1%) and for agriculture (29.9%). On the other hand, the only negative impact was exerted by the sub-sector of capital goods for electricity (-8.4%).

Durable consumer goods (31.0%) had the fourth positive result in a row in this type of comparison, driven by the manufacture of cars. It is also worth highlighting the  positive results of   white goods (7.2%) motorcycles (37.0%) and other house appliances (34.0%). On the other hand, the negative impacts came from   brown goods (-6.1%), influenced, to a great extent, by the lower production of TVs; and by the furniture group (-7.8%).

The segment of intermediate goods (10.8%) had the twelfth positive rate in a row in this comparison, driven mostly by advances in products related to basic metals (47.7%), motor vehicles, trailers and bodies (68.6%), non-metallic mineral products (25.3%) machinery and equipment (51.7%),  other chemicals (13.1%), fabricated metal products (15.9%), mining and quarrying (4.1%) rubber products and plastic material (13.8%), textiles (30.3%), pulp, paper and paper products (2.0%) and coke, petroleum products and biofuels (0.1%). The only negative pressure came from food products (-12.6%). It is also worth mentioning the groups of typical input for construction (17.3%), with the twelfth consecutive positive rate in the comparison; and packaging (-0.4%), which interrupted nine months of growth in production.

Semi- and non-durable consumer goods (1.6%) recorded the fourth positive rate in a row in this type of comparison, but the less intense of the sequence: March (6.0%), April (17.4%) and May (13.2%) of 2021. The positive performance was influenced by the group of semi-durables (33.1%). It is also worth mentioning the  positive result recorded by the group fuels (6.9%), influenced by the greater manufacture of motor gasoline. On the other hand, the sub-sectors of food and beverages for domestic consumption (-3.4%) and non-durables (-5.5%) recorded the negative rates in this category.

Industry advances 22.6% in Q2

In the second quarter of 2021, industry advanced 22.6%, the most intense expansion since the beginning of the time series in this type of comparison. As a result, it remains with a positive behavior since the last quarter of 2020 (3.4%), all comparisons against the same period of the previous year. The increase in the intensity of industrial production from the first (4.3%) to the second quarter of 2021 (22.6%) was explained by the gain in pace observed in the four major economic categories, especially durable consumer goods ( from -0.3% to 126.8%) and capital goods (from 20.8% to 80.1%). The sectors producing intermediate goods (from 4.5% to 17.6%) and semi-durable and non-durable consumer goods (from 1.1% to 10.1%) also showed gains in dynamism between the two periods.

All four major economic categories accrued highs in 2021

In the cumulative result for the year (January-June), compared to the same period of the previous year, the industry grew 12.9%, with positive results in all four major economic categories, 21 of 26 branches, 66 of 79 groups and 73.2 % of the 805 products surveyed.

Among the activities, motor vehicles, trailers and bodies (56.9%), machinery and equipment (41.5%), basic metals (26.3%) and non-metallic mineral products (31.3%) exerted the highest positive influences on the formation of the industry average. It is also worth mentioning the contributions of the sectors of rubber products and plastic material (21.2%), fabricated metal products (23.7%), other chemicals (12.6%), manufacturing of wearing apparel and accessories (39.2%), electric machines, equipment and apparatus (24.3%), textiles (35.1%), beverages (11.4%), leather, travel goods and footwear (28.6%), computer equipment, electronic and optical products (15.5%), miscellaneous goods (32.8%), wood products (23.7%) and mining and quarrying (2.2%). On the other hand, among the five activities that showed a reduction in production, the main influence on the total of industry was registered by food products (-5.7%).

Among the major economic categories, the biggest increases came from capital goods (45.6%) and durable consumer goods (36.4%). The segments of intermediate goods (10.9%) and semi- and non-durable consumer goods (5.5%) also showed growth in the first six months of the year, but both with increases below the industry average (12.9%).