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In November 2020, industrial production increased 1.2% compared to October, in the seasonally adjusted series and in its seventh consecutive increase, the IBGE reported on Friday (8).
Added to the growths of May (8.7%), June (9.6%), July (8.6%), August (3.4%), September (2.8%) and October (1.1 %)), the sector accumulates an increase of 40.7%, which eliminates the loss of 27.1% between March and April, months in which social isolation was more rigorous and caused the industry to reach the lowest level of the series. As a result, the sector is 2.6% above the February pre-pandemic level.
The figure, however, was slightly lower than expected by the economists consulted by Refinitiv, who expected an increase of 1.3% in November based on the monthly comparison and of 3.5% compared to November 2019. In In relation to November 2019, the industry advanced 2.8%.
From January to November 2020, the sector accumulated a loss of 5.5%. In the accumulated in 12 months, the fall was 5.2%. Even with the recent positive performance, industrial production is still 13.9% below the record level reached in May 2011.
All major categories increased compared to October, with emphasis on Capital goods (7.4%) and Durable consumer goods (6.2%), which had the highest positive rates. It is the seventh consecutive month of production expansion in both, with an accumulation of 129.7% in the first and 550.7% in the second. The two categories are above the pre-pandemic level: 12.2% and 2.7%, respectively.
Still compared to October, semi-durable and non-durable consumer goods (1.5%) and intermediate goods (0.1%) also increased in November, reversing falls of 0.1% and 0.4%, respectively , in the past month.
For the director of the investigation, André Macedo, the result of November shows the maintenance of the situation in recent months. “The advance is almost the same as in the previous month and makes the sector continue to increase the increase in relation to the pre-pandemic level. And there was a predominance of growth, that is, all the categories and most of the activities had an increase ”, he explains.
The motor vehicle, trailer and bodywork sector continues to be the one with the greatest influence in the national industry. With the increase of 11.1% presented in November compared to October, the activity, after falls in the critical months of the pandemic, accumulates an expansion of 1,203.2% in seven consecutive months, exceeding by 0.7% the February level.
The magnitude of growth and the importance of the sector in the industry is also reflected in other sectors, since the production of vehicles influences activities such as metallurgy, stimulating the production of steel, and other chemicals, an area that includes paints paints. , for example. Both rose in November, 1.6% and 5.9%, respectively. “It is the trend of this period of resumption of production after the most rigorous months of isolation,” says Macedo about the growth of the vehicle sector.
Other activities contributed significantly positively to the November result, such as Manufacture of clothing and accessories (11.3%), Machinery and equipment (4.1%), Printing and reproduction of recordings (42.9%), Leather, articles Travel and footwear (7.9%), Beverages (3.1%), Metal products (3.0%) and Other transport material (12.8%).
Among the nine activities that fell, the main negative impacts were: Food products (-3.1%), which accumulated a reduction of 5.9% in two consecutive months of decline, which eliminated the expansion of 4.0% registered between July and September; Extractive Industries (-2.4%), with the third month followed by a drop in production, with an accumulated loss of 10.4%; and Pharmaceutical and pharmaceutical products, which decreased 9.8%), interrupting two months of consecutive positive results.
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