Industrial production in Brazil drops 0.6% in April, says IBGE

Industrial production fell 0.6% in April compared to March on a seasonally adjusted basis after growing 1.1% last month and ending two consecutive declines. Compared to the same period last year, the industry fell 2.7%.

From January to April, industrial production fell by 1%. The result was released by IBGE (Brazilian Institute of Geography and Statistics) on Friday (June 2, 2023). Here is the full report (1 MB).

The main negative influences came from food products (-3.2%), machinery and equipment (-9.9%), and automotive vehicles, trailers, and car bodies (-4.6%).

Food products registered the 4th month of production decline, a period in which it accumulated a loss of 7.3%.

“In April, we observed a greater spread of declines in industrial production, reaching 16 of the 25 industrial branches investigated. This greater spread of negative results had not been seen since October 2022,” says the survey manager, André Macedo.

Computer equipment, electronic and optical products (-9.4%), extractive industries (-1.1%), beverages (-3.6%), metal products (-3.3%), other transport equipment (-5.2%) and machinery, appliances, and electrical materials (-2.9%) also stood out negatively.

The coke, oil products, and biofuels sectors (3.6%) had the most positive impact in April. This is the sector’s third positive result in sequence when it accumulated a 6.3% growth.

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