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Industrial production drops 0.4% in September

November 04, 2021 09h00 AM | Last Updated: November 05, 2021 04h41 PM

In September 2021, in the seasonally-adjusted series, the national industrial output fell 0.4% over August, registering the fourth negative result in a row and accumulating a loss of 2.6% in the period. Over September 2020, the industry retreated 3.9%, sharpening the reduction of the previous month (-0.7%). The sector accrued a loss of 7.5% in the year and of 6.4% in 12 months.

September 2021/August 2021 -0.4%
September 2021/ September 2020 -3.9%
Cumulative in the year 7.5%
Cumulative in 12 months 6.4%
Quarterly Moving Average -0.7%

Dropping 0.4% from August to September 2021, there were negative rates in the industrial activity in three of the four categories surveyed and in 10 of the 26 segments surveyed.

Industrial Production by Major Economic Categories - Brazil - September 2021
Major Economic Categories
Change (%)
September 2021/
August 2021*
September 2021/
September 2020
Cumulative
January-September
Cumulative in the Last 12 Months
Capital Goods -1.6 15.0 38.2 31.7
Intermediate Goods -0.1 -3.6 5.9 5.7
Consumer Goods 0.7 -8.7 4.5 3.0
Durable -0.2 -22.3 13.1 9.5
Semi- and Non-Durable 0.2 -5.0 2.5 1.5
General Industry -0.4 -3.9 7.5 6.4
Source: IBGE, Diretoria de Pesquisas, Coordenação de Indústria *Série com ajuste sazonal

Among the activities, the most significant negative influences came from food products (-1.3%), which shrank against after advancing 1.9% in the previous month and basic metals (-2.5%), which offset the increase of 0.4% recorded in August. Other relevant negative contributions came from leather, traveling goods and footwear (-5.5%), other transportation equipment (-7.6%), beverages (-1.7%), mining and quarrying (-0.3%), furniture (-3.7%) and computer, electronic and optical products (-1.7%).

Conversely, among the 14 activities on the rise, the highlights were pharmaceutical products (6.5%), other chemicals (2.3%), coke, petroleum products and biofuels (1.0%) and machinery and equipment (1.9%). There were highs in pulp, paper and paper products (1.2%), electrical machinery and apparatus (1.7%) and tobacco products (6.6%).

Among the major economic categories, compared to August as well, capital goods, shrinking 1.6%, recorded the sharpest negative rate in September 2021, intensifying the reduction recorded in August (-1.2%), when it interrupted four consecutive months of highs. The segments of durable consumer goods (-0.2%) and intermediate goods (-0.1%) also retreated, with the former registering the ninth consecutive fall and accumulating a loss of 26.5% in this period; and the second in its sixth consecutive fall (-3.9%).

On the other hand, the sector producing semi and non-durable consumer goods (0.2%) had the only positive rate in September 2021, thus marking the third consecutive expansion in this type of comparison and advancing 1.4 % in this period.

Moving average decreases 0.7% in September 2021

Also in the seasonally-adjusted series, the quarterly moving average of the industry fell 0.7% in the quarter ended in September 2021 against the previous month and thus kept the downward trend started in January 2021.

Among the major economic categories, the sharpest negative rate was durable consumer goods (-2.2%), which kept the downward trend started in December 2020. The segments of intermediate goods (-0.5%) and of capital goods (-0.2%) also retreated this month, with the first registering the seventh month in a row of decrease and accumulating in the period a reduction of 3.7%; and the second interrupting three months in a row of expansion, a period in which it accumulated growth of 3.9%.

On the other hand, the sector of  semi- and non-durable consumer goods (0.5%) registered the only positive rate in September 2021, after dropping 0.3% in August, when it interrupted two consecutive months of growth.

Industry shrinks 3.9% in relation to September last year

Compared with September 2020, the industrial sector retreated 3.9%, with negative figures in three out of four major economic categories, 18 out of 26 sectors, 45 out of 79 groups and 55.7% of the 805 products surveyed. The main negative influences among the activities came from food products (-11.9%), motor vehicles, trailers and bodies (-7.9%), coke, petroleum products and biofuels (-4.6%) and computer, electronic and optical products (-18.7%)

It is worth mentioning the negative contributions of the segments of leather, traveling goods and footwear (-16.0%), beverages (-7.1%), rubber products and plastic material (-7.7%), furniture (-21.0%),  fabricated metal products (-5.7%), other chemical products (-2.9%), electrical machinery and apparatus (-6.8%), textiles (-8.6%) and tobacco products (-27.1%).

On the other hand, among the eight activities that rose, machinery and equipment (14.5%), basic metals (10.0%) and mining and quarrying (3.2%) exerted the biggest influences. Another important positive impact was recorded by the segment of printing and reproduction of recorded media (61.5%).

Among the major economic categories, the segment of durable consumer goods (-22.3%) had the sharpest drop. The sectors of  semi- and non-durable consumer goods (-5.0%) and of intermediate goods |(-3.6%) also posted negative results this month. On the other hand, having advanced 15.0% in September 2021, the segment of capital goods registered the only positive rate among the major economic categories.

The sector fo durable consumer goods retreated 22.3% in September 2021 over the same period of 2020, intensifying the drops of August (-17.4%) and July (-9.6%), when it interrupted four months of consecutive positive rates in this comparison. This month, the sector was pressed by the reduction in the manufacture of cars (-27.5%) and brown goods (-38.1%). It is also worth mentioning the drops in  white goods (-13.6%), other house appliances (-4.3%) and in furniture (-21.5%). However, the main positive impact came from the greater manufacture of motorcycles (1.7%).

The segment of semi and non-durable consumer goods dropped 5.0% in September 2020, after also retreating in August (-1.2%) and July (-2.0%), when it interrupted four months of positive rates in a row in this kind of comparison. The negative performance this month was mainly explained by the reduction in the group of food and beverages produced for domestic consumption (-6.4%) and semi-durables (-12.7). The negative result of the non-durable group (-0.5%) was mostly influenced by the drop in the manufacture of medicine and cigarettes. The only high in this category was that of the sub sector of fuels (2.0%), pushed by the advance of the production of motor gasoline.

Conversely, the segment of intermediate goods showed decrease of 3.6% in September 2021, intensifying, thus, the 2.1% reduction seen in August this year. This month’s result was attributed mainly to the drawbacks seen in the products associated with the activities of food products (-16.5%), coke, petroleum products and biofuels (-7.5%), motor vehicles, trailers and bodies (-8.5%), rubber products and plastic material (-6.7%), other chemical products (-2.9%), metal products (-3.7%), textile products (-7.3%) and pulp, paper and paper products (-0.3%), while the positive pressures were registered by basic metals (10.0%), mining and quarrying (3.2%), machinery and equipment (4.0%) and products of non-metallic minerals (0.6%).

There were drops in the groups of typical input for civil construction (-4.2%), which interrupted 14 months of consecutive highs in this comparison; and of packaging (-9.1%), which indicated the fourth drop in a row in production and the sharpest of the sequence.

The sector of capital goods advanced 15.0% in September 2021 over the same period of the previous year, the 13th positive rate in a row in this kind of comparison. IN the formation of the index this month, the segment was influenced by the expansion observed in all its main groups, with a highlight ti capital goods for  transportation equipment (15.5%). The other positive rates came from the groups of capital goods for construction (49.1%), for agriculture (21.5%), for mixed use (7.0%), for electricity (9.9%) and for industrial purposes (1.0%).

Industry drops 1.1% in the third quarter

In the third quarter of 2021, the industrial sector, by dropping 1.1%, interrupted a positive behavior seen since the last quarter of 2020 (3.4%), all comparisons against the same period a year ago. The reduction in the intensity of loss in total industrial production from the third (-1.2%) to the fourth (-0.6%) quarter of 2019 was explained by the dynamism seen in three of the four major economic categories, with a highlight to durable consumer goods (from 1.1% to 3.3%). The sectors of intermediate goods (from 17.6% to -2.0%) and semi and non-durable consumer goods (from 10.9% to -2.8%) also showed a loss of dynamism between the two periods.

All four economic categories accumulate highs in 2021

In the cumulative index for the year, compared to the same period of the previous year, the industrial sector expanded 7.5%, with positive results in the four economic categories, 21 of the 26 sectors, 58 of the 79 groups and 68.4% of the 805 surveyed products.

Among the activities, automotive vehicles, trailers and bodies (35.1%), machines and equipment (33.8%), metallurgy (23.1%) and non-metallic mineral products (20.7%) exerted the highest positive influences on the formation of the industry average.  Other positive contributions came from  other chemical products (7.0%), metal products (13.1%), rubber and plastic products (11.4%), manufacture of wearing apparel and accessories (26.0%), electrical machinery, appliances and materials (12.6%), textiles (20.5%), leather, travel goods and footwear (17.2%), wood products (17.1%), miscellaneous products (20.0 %), other transportation equipment (20.8%), mining and quarrying (1.2%), beverages (4.0%) and pulp, paper and paper products (3.3%).

On the other hand, among the five activities that decreased in production, the major influences on the total industry were recorded by food products (-7.6%) and coke, petroleum products and biofuels (-1.7%).

Among the major economic categories, capital goods (38.2%) and durable consumer goods (13.1%) recorded the biggest highs. The segments of intermediate goods (5.9%) and of semi- and non-durable consumer goods (2.5%) also had growth in the nine months of the year, but both with advances below the industry average (7.5%).