Brazilian industry production fell 0.3% in February

Data from the Monthly Industrial Survey, released this Wednesday (03), by the Brazilian Institute of Geography and Statistics (IBGE), indicate that Brazilian industry production fell 0.3% in February.

Despite the two consecutive falls, in the last 12 months the national industry shows growth of 1%. In January 2024, this annual accumulation was 0.4%.

The current level of Brazilian industrial production is 1.1% below the pre-pandemic level of February 2020, and 17.7% below the maximum point in the series, reached in May 2011.

Comparing February with January this year, ten of the 25 industrial sectors surveyed showed a reduction in production. The most important negative influences were on the items chemical products, extractive industries and pharmochemical and pharmaceutical products.

Among the activities that showed progress, motor vehicles, trailers and bodies and cellulose, paper and paper products exerted the main positive impacts.

In terms of the major economic categories, the intermediate goods sector fell 1.2%, having been the only negative rate of the four groups surveyed.

Among the growth, the highlight is the segment of durable consumer goods, which increased 3.6% and showed the most accentuated growth this month, after also advancing in January and December 2023. Capital goods and semi and non-semi consumer goods durable products also recorded positive results.

With information from the advisory

Photos: Disclosure