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SÃO PAULO – Brazilian industrial production increased by 3.2% in August compared to July, showed on Friday (2) the Brazilian Institute of Geography and Statistics (IBGE), given below the expectations of economists. Based on the annual comparison, there was a decrease of 2.7%.
The median expectation of economists compiled in the Bloomberg consensus rose 3.8% in the indicator in the monthly comparison, after registering an increase of 8% in the previous measurement. In the annual comparison, the projection was for a decrease of 2%, softer than the decrease of 3.0% the previous month.
The IBGE points out that, even with four consecutive increases in the monthly base, the indicator has not yet completely eliminated the loss of 27.0% accumulated between March and April, at the beginning of the Covid19 pandemic, when industrial production fell to lowest level of the series. The sector accumulates a loss of 8.6% in the year and 5.7% in twelve months.
The August result has a positive behavior with a generalized profile, explained by the increase in the rate of production, after the deepening of the stoppages in several industrial plants due to the pandemic.
The 3.2% increase in industrial activity from July to August 2020 reached all major economic categories and 16 of the 26 sectors surveyed.
Among the activities, the most relevant positive influence was that of motor vehicles, trailers and bodies, which increased by 19.2% in August 2020, largely driven by the continued return to production after the resulting interruption. of the pandemic. The sector accumulated an expansion of 901.6% in four consecutive months of production growth, but it is still 22.4% below the level of last February.
Other relevant positive contributions to the total industry came from coke, petroleum derivatives and biofuels (3.9%), extractive industries (2.6%), rubber and plastic products (5.8%), leather, articles of travel and footwear (14.9%), non-metallic mineral products (4.9%), food products (1.0%), clothing and accessories (11.5%), metallurgy (3.2%), textile products (9.1%) and metal products (3.1%).
On the other hand, among the ten branches that showed reduction in production, pharmaceutical and pharmaceutical products (-9.7%), perfumery, soaps, cleaning products and personal hygiene (-9.7%), other chemicals (- 1 , 8%) and beverages (-2.5%) pointed out the main negative impacts in that month.
Among the main economic categories, in relation to July 2020, durable consumer goods, by growing 18.5%, showed the most marked positive rate in August 2020 and marked the fourth consecutive month of production expansion, accumulating in this period advances of 524.2%. But the segment is still 3.0% below last February’s level.
The sectors that produce capital goods (2.4%), intermediate goods (2.3%) and semi and non-durable consumer goods (0.6%) also registered growth this month, but all advanced below the average of the industry (3.2%). All these segments showed expansion for the fourth consecutive month and accumulated gains of 76.4%, 25.2% and 25.0%, respectively.
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