In July 2021, the national industrial production fell 1.3% compared to June, in the seasonally adjusted series. It is the second consecutive negative result, accumulating a 1.5% loss in this period. In relation to July 2020, there was an increase of 1.2%, the eleventh consecutive positive rate in this comparison. In the year, the industry accumulated an increase of 11.0% and, in twelve months, of 7.0%, intensifying the growth of June (6.6%) and keeping the upward trend since August 2020 (-5.7%).

The 1.3% drop of industry in July, over the previous month, was widespread, reaching two of the four major economic categories and 19 of the 26 segments surveyed.

Among the activities, the most important negative influences came from beverages (-10.2%), interrupting three months of consecutive positive rates, a period in which it accumulated an expansion of 11.7%; and food products (-1.8%), second month in a row of production decrease and accumulating in this period a loss of 3.8%. Other relevant negative contributions came from the sectors of motor vehicles, trailers and bodies (-2.8%), machinery and equipment (-4.0%), other transportation equipment (-15.6%) and of mining and quarrying industries (-1.2%).

On the other hand, among the seven activities with production growth, coke, petroleum products and biofuels (2.8%) exerted the main positive impact in July 2021, with the third month in a row of advance, accumulating, in this period, 10.2% of increase.

Among the major economic categories, there were decreases in durable consumer goods (-2.7%) and intermediate goods (-0.6%), with the former setting the seventh consecutive month of drops and accumulating in the period a loss of 23.4%, and the latter, retreating 3.2% in the fourth consecutive month of decrease.

On the other hand, the sectors of capital goods (0.3%) and of semi- and non-durable consumer goods (0.2%) had positive results in July 2021, with the former setting the fourth consecutive expansion and advancing 5.9% in the period; and the second returning a small part of the 1.7% drop in June.

 Quarterly moving average stays at -0.1% in quarter ended in July

Still in the seasonally-adjusted series, the quarterly moving average for the whole industry had a negative change of 0.1% in the quarter ended in July 2021 against the previous month and thus maintained the upward trend started in January 2021.

Among the major economic categories, over June, there were decreased in durable consumer goods (-2.0%) and in intermediate goods (-0.9%), with the latter keeping the downward trend started in December 2020; and the latter recording the fifth consecutive month of decrease and accumulating a reduction of 2.7%. On the other hand, capital goods (0.9%) and semi- and non-durable consumer goods (0.7%) had the positive results in July, the second month of consecutive growth for both of them.

Over July 2020, industry advances 1.2%

Compared with the same month of 2020, the industrial sector grew 1.2%, with positive figures in two out of the four major economic categories, 14 out of the 26 sectors, 46 out of the 79 groups and 54.4% of the 805 products surveyed. It is worth mentioning that July 2021 (22 days) had one less business day than July 2020 (23).

Among the activities, the main positive influences came from motor vehicles, trailers and bodies (21.2%), basic metals (24.8%) and machinery and equipment (26.2%). Other important positive impacts were recorded by the segments of wearing apparel and accessories (22.1%), non-metallic minerals (9.0%), leather, traveling goods and footwear (15.3%) and printing and reproduction of recorded media (40.9%) and of coke, petroleum products and biofuels (1.0%).

Among the twelve activities dropping, food products (-10.3%) exerted the sharpest negative influence. Among the negative contributions, the highlights were beverages (-15.2%), mining and quarrying industries (-2.7%), furniture (-14.4%), toiletries, soaps, cleaning products and personal hygiene products (-9.8%), computer equipment, electronic and optical products (-7.1%) and machinery, apparatus and devices (-4.1%).

Among the major economic categories, over July 2020, the highest increase was in capital goods (33.1%). The production of intermediate goods (0.2%) also grew, although below the average of industry (1.2%). On the other hand, the semi- and non-durable consumer goods (-1.9%) and durable consumer goods (-10.3%) recorded the negative rates.

The sector of capital goods (33.1%) had the eleventh consecutive positive rate over the same month a year ago. This segment was influenced by the highs in most groups, especially in the group of capital goods for transportation equipment (56.5%). The other positive rates came from capital goods for industrial use (15.0%), for construction (67.0%), for mixed use (15.2%), for agriculture (15.0%). The only negative impact was exerted by the sub sector of capital goods for electricity (-8.4%).

The production of intermediate goods increased 0.2%, its thirteenth positive result in this comparison, but the least sharp in the sequence. The result is due to the advances in the activities of basic metals (24.8%), motor vehicles, trailers and bodies (10.6%), machinery and equipment (22.5%), textiles (4.5%) and other chemicals (0.1%).

The negative pressured came from food products (-14.0%), mining and quarrying industries (-2.7%), coke, petroleum products and biofuels (-1.4%), rubber products and plastic material (-1.6%), fabricated metal products (-1.2%) and pulp, paper and paper products (-0.3%).

Also in this economic category, it is worth mentioning the results of the groups of typical inputs for civil construction (3.0%), with the thirteenth positive rate in a row in this comparison, but the least sharp in the sequence; and of packaging (-4.4%), which interrupted ten months in a row of growth in production.

The sector of semi-durable and non-durable consumer goods (-1.9%) interrupted four months in a row of highs in this comparison: March (5.9%), April (18.3%), May (14.2%) and June (2.1%) of 2021. The decrease was due to the retreat in food and beverages for domestic consumption (8.0%). It is worth mentioning the negative rate in the group of non-durables (-0.7%). On the other hand, there were highs in the sub sectors of semi-durables (8.1%) and of fuels (6.3%).

The sector of durable consumer goods (10.3%) interrupted four months of high rates in the comparison, driven by the reduction in   car production (-10.8%) and of   brown goods (-26.6%) and whit goods (-17.5%). It is also worth mentioning the retreats of furniture (-14.0%) and motorcycles (-0.3%). Conversely, the main positive impact came from other household appliances (17.3%).

In the cumulative index of the year, all major economic categories recorded highs

The cumulative index for the year, against the same period a year ago, reached 11.0%, with negative figures 4 of the 4 major economic categories, 21 out of the 26 sectors, 65 out of the 79 groups and 72.7% of the 805 products surveyed.

Among the activities, motor vehicles, trailers and bodies (50.3%), machinery and equipment (39.1%), basic metals (26.0%), and non-metallic minerals (27.3%) exerted the major positive influences on the industrial average.

Other segments with positive rates were fabricated metal products (19.5%), rubber products and plastic material (17.4%), other chemicals (10.3%), wearing apparel and accessories (36.2%), electrical machinery and apparatus (19.3%), textiles (30.3%) leather, traveling goods and footwear (27.4%) beverages (8.0%), miscellaneous products (26.9%), wood products (20.4%) and computer equipment, electronic and optical products (11.5%).

On the other hand, among the five activities falling, the main influence came from foods food products (-6.9%).