Brazil’s industrial production increased 0.6% in July, says IBGE

Brazil’s industrial production grew 0.6% in July compared to June. The IBGE (Brazilian Institute of Geography and Statistics) released the result on Friday, September 2.

In the year to date, the industry had a 2% drop. In 12 months, it fell by 3%. Compared to July 2021, the sector had a fall of 0.5%, the second negative rate in a row.

The industrial sector was still 0.8% below the pre-pandemic level of covid-19 in February 2020 and 17.3% below the record level reached in May 2011.

According to IBGE, two of the four major economic categories had an increase in production in July compared to June:

• Intermediate goods (+2.2%);
• semi- and non-durable consumer goods (+1.6%);
• durable consumer goods (-7.8%);
• capital goods (-3.7%).

Production was up in ten sectors, out of 26. The most important positive influences were marked by food products (4.3%), coke, oil products and biofuels (2.0%), and the extractive industries (2.1%).

With information from Poder360

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