In the seasonally-adjusted series, the national industrial output changed 0.1% in October 2023 over September. In the seasonally-unadjusted series, it grew 1.2% compared with October 2022. The cumulative indexes in the year and over the last 12 months registered a null change (0.0%).

Only one out of four broad economic categories and 14 out of 25 industrial sectors surveyed grew their output. Among the activities, the most important positive influence was registered by food products, which advanced 1.6% in October 2023, after retreating 0.2% in the previous month, when it interrupted two consecutive months of expanding output, a period in which it accumulated a gain of 1.6%.

Other positive contributions to the overall industry came from pharmchemicals and pharmaceuticals (3.7%),  machinery and equipment (2.4%), fabricated metal products (2.3%), motor vehicles, trailers and bodies (0.9%), beverages (1.6%), electrical machines, appliances and material (2.3%) and rubber and plastic products (1.3%).

Among 11 activities that dropped, coke, petroleum products and biofuels (-1.4%) and mining and quarrying industries (-1.1%) exerted the major impacts in October 2023, the former interrupting three consecutive months of growth, a period in which it accumulated an expansion of 2.0%, and the latter offsetting part of the advance of 5.9% reported in the previous month. The retreat in the sectors of computer equipment, electronic and optical products (-2.6%) and of printing and reproduction of recorded media (-5.8%) should be highlighted as well.

Among the broad economic categories, still comparing with the immediately previous month, intermediate goods (0.9%) was the only positive rate in October 2023, after also advancing in September (0.6%), when it interrupted four consecutive months of retreat in the production, a period in which it accumulated a loss of 1.2%.

In contrast, the sector producing durable consumer goods (-2.4%) registered the most intense drop this month and recorded the second consecutive month of retreat in the output, accumulating a reduction of 6.7% in this period. The segments of capital goods (-1.1%) and of semi and non-durable consumer goods (-0.3%) also reported negative figures in October 2023, both of them registering the second consecutive negative rate and accumulating losses of 3.2% and 2.1% in this period, respectively.

Quarterly moving average changes 0.1% in quarter ended in October

Still in the seasonally-adjusted series, the quarterly moving average index for the overall industry was 0.1% in the quarter ended in October 2023 over the level of the previous month, after recording a null change (0.0%) in the months of September, August and July 2023.

Among the broad economic categories, still in the seasonally-adjusted series, capital goods (0.5%), intermediate goods (0.4%) and durable consumer goods (0.2%) registered the positive figures in October 2023, all of them interrupting four consecutive months of decreasing output, a period in which they accumulated a reduction of 8.4%, 0.8% and 2.4%, respectively.

On the other hand, the sector of semi and non-durable consumer goods (-0.1%) recorded the only negative rate this month and interrupted the upward trend started in May 2023.

Industry output advances 1.2% over October 2022

Comparing with the same month of 2022, the industrial sector advanced 1.2% in October 2023, with positive figures in two out of four broad economic categories, 12 out of 25 sectors, 36 out of 80 groups and 46.5% of the 789 products surveyed. It is worth mentioning that October 2023 (21 days) had one more business day than the same month in the prior year (20).

Among the activities, the major positive influences on the overall industry were reported by coke, petroleum products and biofuels (10.8%) and food products (4.3%). The sectors of beverages (8.8%), wood products (18.3%), rubber and plastic products (4.2%), chemicals (1.4%), textiles (7.2%), mining and quarrying industries (0.5%) and furniture (6.9%) stood out as well.

Among the 13 activities that dropped, motor vehicles, trailers and bodies (-7.1%), computer equipment, electronic and optical products (-15.6%) and machinery and equipment (-6.5%) exerted the major influences on the industry average. Other important negative impacts came from basic metals (-3.5%), electrical machines, appliances and material (-6.6%), non-metallic mineral products (-5.3%), miscellaneous manufacturing (-7.8%), manufacture of wearing apparel and accessories (-4.1%), fabricated metal products (-2.8%) and pharmchemicals and pharmaceuticals (-2.8%).

Semi and non-durable consumer goods and intermediate goods grow over 2022

Among the broad economic categories, also in comparison with the same month a year ago, semi and non-durable consumer goods (4.0%) and intermediate goods (1.3%) recorded the expansions in October 2023.

On the other hand, the sectors producing durable consumer goods (-3.2%) and capital goods (-10.3%) reported the negative rates this month.

The sector producing semi and non-durable consumer goods grew 4.0% in October 2023 against the same period a year ago, the third consecutive positive rate in this type of comparison and the most intense of this series. The positive performance this month was explained, to a great extent, by the expansions reported in the groups of food and beverages for domestic consumption (5.7%) and fuels (11.0%).

It is also worth mentioning the positive results recorded by the groups of non-durable (2.2%) and food and beverages for domestic consumption (11.1%).

In contrast, the group of semi-durable (-6.7%) registered the only negative impact in this category, pressed, to a great extent, by the smaller production of cell phones, video disks (DVDs), purses and backpacks, sneakers, breeches, dungarees, shorts and the like, blouses, shirts and the like (knitted or not) and women´s leather footwear.

The sector of intermediate goods advanced 1.3% in October 2023 over the same period of the previous year, the third positive rate in a row in this kind of comparison and the most intense of this series. The result this month was mainly explained by the advances in the products associated with the activities of coke, petroleum products and biofuels (10.7%), food products (2.4%), textiles (10.9%), rubber and plastic products (3.7%) and mining and quarrying industries (0.5%).

On the other hand, negative pressures were recorded by motor vehicles, trailers and bodies (-8.6%), basic metals (-3.5%), non-metallic mineral products (-5.3%), machinery and equipment (-7.1%), pulp, paper and paper products (-2.6%), fabricated metal products (-2.0%) and chemicals (-0.9%).

Still in this economic category, it is worth mentioning the results of typical inputs for civil construction (-2.4%), which reported the 26th consecutive retreat in this type of comparison; and of packaging (4.7%), which grew once again after declining in the previous month (-0.5%).

The segment of durable consumer goods retreated 3.2% in October 2023, stepping up the drop of 3.0% reported last September. This month, the sector was pressed, to a great extent, by the reduction in the manufacture of brown goods (-25.8%) and cars (-5.2%). It is also worth mentioning the retreat registered by motorcycles (-3.0%). Conversely, the negative impacts came from white goods (-4.4%) and from the groups of other household appliances (-19.5%) and furniture (-20.1%).

The sector producing capital goods fell 10.3% in October 2023 against the same period a year ago, the seventh consecutive negative rate in this type of comparison.  To shape this month´s index, the segment was mainly influenced by the retreat in the groups of capital goods for transportation equipment (-14.9%) and of capital goods for electricity (-31.0%), pressed, to a great extent, by the smaller production of trucks, tractor trucks for trailers and semi-trailers and airplanes in the former, and of direct current generators in the latter.

The other negative results came from the groups of capital goods for construction (-25.5%), for industrial use (-3.5%), for mixed use (-6.5%) and for agriculture (-0.7%).

Cumulative index in the year has null change (0.0%)

In the cumulative index in the year over the same period last year, the industrial sector registered a null change (0.0%), with negative figures in two out of four broad economic categories, 15 out of 25 sectors, 51 out of 80 groups and 56.7% of the 789 products surveyed.

Among the activities, the major negative influences on the overall industry came from chemicals (-6.3%), motor vehicles, trailers and bodies (-5.9%), machinery and equipment (-6.6%), electrical machines, appliances and material (-10.6%), computer equipment, electronic and optical products (-9.9%) and non-metallic mineral products (-7.2%).

It should also be highlighted the negative contributions registered by the sectors of manufacture of wearing apparel and accessories (-8.3%), basic metals (-2.7%), wood products (-9.7%), fabricated metal products (-3.4%) and miscellaneous manufacturing (-8.1%).

Among the nine activities that expanded their output, mining and quarrying industries (5.4%), coke, petroleum products and biofuels (5.3%) and food products (3.8%) exerted the biggest influences on the industry average. Other important positive impacts were recorded by pharmchemicals and pharmaceuticals (5.4%) and other transportation equipment (10.7%).

Among the broad economic categories, the cumulative index in the year showed less dynamism for capital goods (-10.3%), mostly pressed by the reductions in the manufacture of capital goods for transportation equipment (-12.7%), for electricity (-28.6%) and for industrial use (-7.2%). The cumulative index in the year for the sector of intermediate goods (-0.1%) retreated as well.

Conversely, the segment of durable consumer goods (2.5%) reported the steepest advance in the January-October 2023 period, mostly leveraged by the bigger production of household appliances (7.6%), cars (2.3%) and motorcycles (11.6%). The sector of semi and non-durable consumer goods (2.0%) also increased in the year.

Keywords: Produção industrial varia 0, 1% em outubro