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Industrial production registers best in September in four years

National industry

As a result, industrial activity in the last 12 months is positive for the first time in 39 months

After two years of the most severe recession facing Brazil, economic indicators continue to mark a more positive horizon for the Brazilian economy. Data released on Wednesday (1) by the Brazilian Institute of Geography and Statistics (IBGE) show that the Brazilian industry is heading for a recovery scenario. 

In September, domestic industry activity increased by 2.6% over the same period last year. This was the best performance for the month on this comparison basis since 2013.

With this result, Brazilian industrial production reached 0.4% in the accumulated in 12 months, after 39 months of negative results in the same comparison basis.

This means that the industry is producing more in the face of the growth of economic activity and the demand of Brazilian consumers, who started to have greater buying power with the fall of interest and inflation.

Highlights

By decomposing the September numbers, one can see that recovery is widespread in the domestic industry as a whole. Compared to September last year, there was growth in all industrial categories, as well as 18 of the 26 industry segments.

In relation to the main economic categories, there was a rise in the production of durable consumer goods (+ 16.2%), capital goods (+ 5.7%), intermediate goods (+ 1.9%) and semi consumer goods and non-durable (+ 0.1%).

Among the industrial segments, the main advances were recorded in the automotive (+ 20.9%), computer and optical (16.9%), mobile (+ 11%) and oil products and food products (+ 3.6%).

Source: Government of Brazil, with information from IBGE