Industrial production in Brazil advances in 10 of the 15 locations surveyed by IBGE in May

Industrial production showed positive growth in May across 10 out of 15 surveyed locations in Brazil, according to the Regional Monthly Industrial Survey (PIM Regional) released by the Brazilian Institute of Geography and Statistics (IBGE).

The overall growth of the Brazilian industry was 0.3% compared to April.

The largest increases were observed in Amazonas (12.8%), Pernambuco (5.6%), and Paraná (5.3%).

However, Santa Catarina (-2.7%) and Bahia (-2.4%) experienced significant declines.

São Paulo, the country’s main industrial hub, outperformed the national average with a growth rate of 2.9% in May.

Compared to May 2022, industrial production increased in 12 of the 15 surveyed locations.

Nationally, industrial production rose by 1.9%.

The most substantial advances were seen in Pará (29.6%), Amazonas (7.6%), Pernambuco (6.3%), Mato Grosso (5.3%), Minas Gerais (5.2%), Paraná (5.0%), Mato Grosso do Sul (4.5%), Rio Grande do Norte (4.2%), Rio de Janeiro (2.9%), and São Paulo (2.6%).

Conversely, Maranhão (-9.6%) and Ceará (-8.1%) recorded the most significant declines.