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Industrial output grows 0.6% in July

September 02, 2022 09h00 AM | Last Updated: September 05, 2022 03h53 PM

In the seasonally-adjusted series, the national industrial output rose 0.6% in July 2022 over June. In the seasonally-unadjusted series, industry retreated 0.5% over July 2021, the second consecutive negative rate in this comparison. The industry accumulated a drop of 2.0% in the year and of 3.0% in 12 months.

July 2022 / June 2022 0.6%
July 2022 / July 2021 -0.5%
Cumulative in the year -2.0%
Cumulative in 12 months -3.0%
Quarterly moving average 0.2%

The industrial output grew 0.6% in July 2022, offsetting the decline of 0.3% reported in the previous month, when it interrupted four consecutive months of positive figures, which accumulated an expansion of 1.9%. Two out of four major economic categories and ten out of 26 sectors surveyed rose their production. With these results, the industrial sector was still 0.8% below the pre-pandemic period (February 2020) and 17.3% below the record level reached in May 2011.

Among the activities, the most important positive influences were registered by food products (4.3%), coke, petroleum products and biofuels (2.0%) and mining and quarrying industries (2.1%).

Other relevant positive contributions to the overall industry came from pharmaceuticals (10.0%), basic metals (2.0%), pulp, paper and paper products (2.1%) and other transportation equipment (5.0%).

Industrial Output Indicators by Major Economic Category - Brazil - July 2022
Major Economic Categories Change (%)
July 2022 /June 2022* July 2022
/July 2021
Cumulative January-July Cumulative in the Last 12 Months
Capital Goods -3.7 -5.8 -1.6 3.7
Intermediate Goods 2.2 0.0 -1.7 -2.6
Consumer Goods 0.9 0.5 -2.7 -5.7
  Durable -7.8 -0.8 -10.2 -15.4
  Semi-durable and Non-durable 1.6 0.8 -0.8 -3.2
Overall Industry 0.6 -0.5 -2.0 -3.0
Source: IBGE, Diretoria de Pesquisas, Coordenação de Estatísticas Conjunturais em Empresas      *Seasonally-adjusted series

Among the 16 activities that reduced their output, machinery and equipment (-10.4%), other chemicals (-9.0%) and motor vehicles, trailers and bodies (-5.7%) exerted the major impacts in July 2022.

It should also highlight the retreat in the sectors of maintenance, repair and installation of machinery and equipment (-22.0%), computer, electronic and optical products (-7.8%), fabricated metal products (-3.9%), leather, travel articles and footwear (-5.6%), wood products (-7.2%) and manufacture of wearing apparel and accessories (-4.1%).

Still comparing with the immediately previous month, intermediate goods (2.2%) and semi and non-durable consumer goods (1.6%) recorded the positive rates in July 2022 among the major economic categories. With this result, the former offset the cumulative loss of 2.2% in the months of May and June 2022, and the latter grew once again after declining 0.9% in the previous month.

In contrast, the sectors producing durable consumer goods (-7.8%) and capital goods (-3.7%) retreated this month, the former interrupting two consecutive months of growth, a period in which it accumulated and advance of 10.2%, and the latter stepping up the drop of 1.9% recorded in the previous month.

Quarterly moving average advances 0.2% in quarter ended in July

Still in the seasonally-adjusted series, the evolution of the quarterly moving average index for the overall industry positively changed 0.2% in the quarter ended in July 2022 over the previous month, after positive rates in June (0.1%), May (0.4%) and April (0.5%). 

Among the major economic categories, the positive figures this months came from semi and non-durable consumer goods (0.6%), durable consumer goods (0.5%) and capital goods (0.4%), the first one advancing for the second month in a row, though less intensely than in June (0.8%); the second one maintaining the upward trend started in March 2022; and the third one offsetting part of the drop of 0.8% last June. The sector of intermediate goods registered a null change (0.0%), after retreating 0.5% in June, when it interrupted the upward trend started in November 2021.

Industry declines 0.5% over July 2021

Compared with the same month of 2021, the industrial sector retreated 0.5% in July 2022, with negative figures in two out of four major economic categories, 16 out of 26 sectors, 47 out of 79 groups and 56.0% of the 805 products surveyed. It is worth mentioning that July 2022 (21 days) had one less business day than the same month in the prior year (22).

Among the activities, the major negative influences on the overall industry came from  other chemicals (-9.9%), machinery and equipment (-9.3%), mining and quarrying industries (-3.8%), pharmaceuticals (-13.0%) and fabricated metal products (-9.2%).

Other negative contributions came from the sectors of non-metallic mineral products (-4.8%), wood products (-13.3%), computer, electronic and optical products (-7.7%), basic metals (-2.7%), furniture (-14.8%), textiles (-10.0%), electrical machinery and apparatus (-4.7%) and maintenance, repair and installation of machinery and equipment (-10.1%).

Still comparing with July 2021, among ten activities that expanded the output, the major influences on the industry average were registered by coke, petroleum products and biofuels (8.6%) and food products (4.3%).

Other important positive impacts were recorded by beverages (12.7%), pulp, paper and paper products (10.3%), motor vehicles, trailers and bodies (2.0%), leather, travel articles and footwear (6.7%) and other transportation equipment (7.9%).

Still comparing with July 2021, capital goods (-5.8%) reported the steepest drop among the major economic categories. The sector producing durable consumer goods (-0.8%) also retreated, whereas intermediate goods registered a null change (0.0%). On the other hand, the segment of semi and non-durable consumer goods (0.8%) registered the only positive rate among the major economic categories.

The sector of capital goods fell 5.8% in July 2022 over the same period in 2021, interrupting two months of rises in this comparison. That segment was mainly influenced by the drop in capital goods for industrial use (-16.6%). The other negative figures came from capital goods for transportation equipment (-2.2%), agricultural use (-6.2%) and mixed use (-2.2%). Conversely, the positive impacts were registered by the groups of capital goods for electricity (24.8%) and for construction (12.6%).

After advancing 2.3% in June when it interrupted 11 months of negative rates in this comparison, durable consumer goods retreated 0.8%. The sector was pressed by the reduction in the manufacture of brown goods (-15.3%) and white goods (-9.2%).

It is also worth mentioning the retreats registered by other household appliances (-20.0%) and furniture (-18.7%). On the other hand, the major positive impacts came from cars (15.5%) and motorcycles (10.4%).

Still comparing with the same month of 2021, the segment of intermediate goods recorded a null change (0.0%) in July 2022, after negative rates in June (-1.8%) and May (-0.9%). The result of this month was explained by the retreats in the activities of  other chemicals (-9.8%), mining and quarrying industries (-3.8%), fabricated metal products (-8.7%), non-metallic mineral products (-5.0%), machinery and equipment (-10.2%), basic metals (-2.7%), rubber products and plastic material (-2.5%) and textiles (-5.4%), whereas the positive pressures came from coke, petroleum products and biofuels (11.6%), food products (5.8%), pulp, paper and paper products (11.3%) and motor vehicles, trailers and bodies (7.5%). Still in this same economic category, it is also worth mentioning the results indicated by the groups of typical inputs for civil construction (-6.6%) and packaging (1.4%).

The sector producing semi and non-durable consumer goods grew 0.8% in July 2022 over the same period a year ago, the fourth consecutive positive figure in this type of comparison, though the less intense in the series. The positive performance this month was explained by the advances in the groups of food and beverages for domestic consumption (3.7%) and fuels (2.1%). In contrast, the groups of semi-durable (-4.3%) and non-durable (-2.4%) dropped.

The sector producing semi and non-durable consumer goods grew 0.8% in July 2022 over the same period a year ago, the fourth consecutive positive figure in this type of comparison, though the less intense in the series. The positive performance this month was explained by the advances in the groups of food and beverages for domestic consumption (3.7%) and fuels (2.1%). In contrast, the groups of semi-durable (-4.3%) and non-durable (-2.4%) dropped.

All the major economic categories accrue drops in the year.

In the cumulative index in the year over the same period of the previous year, the industrial sector dropped 2.0%, with negative figures in four out of four major economic categories, 19 out of 26 sectors, 57 out of 79 groups and 62.5% of the 805 products surveyed.

Among the activities, the major negative influences on the overall industry were registered by fabricated metal products (-11.7%), mining and quarrying industries (-3.3%), motor vehicles, trailers and bodies (-4.3%), electrical machines, appliances and material (-13.3%), rubber and plastic products (-8.7%) and basic metals (-5.0%). It should also highlight the negative contributions registered by the sectors of pharmaceuticals (-9.7%), textiles (-14.6%), furniture (-19.1%), non-metallic mineral products (-5.1%), manufacture of wearing apparel and accessories (-8.2%) and machinery and equipment (-2.5%).

Still comparing with January-July 2021, among the seven activities that expanded the output, the major influences on the industry average were registered by coke, petroleum products and biofuels (10.0%). Other important positive impacts were recorded by the sectors of beverages (4.2%), food products (0.9%) and pulp, paper and paper products (2.2%).

Among the major economic categories, the profile of the results for the first seven months of 2022 was less dynamic for durable consumer goods (-10.2%), pressed, to a great extent, by the reduction in the manufacture of white goods (-20.0%) and brown goods (-13.0%), as well as of cars (-4.1%). The segments of intermediate goods (-1.7%), capital goods (-1.6%) and semi and non-durable consumer goods (-0.8%) also declined, though below the industry average (-2.0%).