Thursday, July 7, 2016

Industrial Production Remains Stable

According to the Brazilian Institute of Geography and Statistics, industrial production fell in May in 8 of the 14 cities studied. Overall, on a national level industrial production was stable.





The numbers on production were based on the industrial production in May compared to the previous month. The greatest drops occurred in the states of Parana (-3.5%), Goias (-2.3%), Para (-1.9%), and Sao Paulo (-1.6%).

On the other hand, Amazonas' industrial production grew 16.2% between April and May. The state's capital, Manaus, is home to a free trade zone. The state had suffered a decrease of -12.5% in April.

Other states with industrial production growth were Rio Grande do Sul (4.4%), Espirito Santo (3.8%), the Northeast region (1.6%), Ceara (1.4%) and Santa Catarina (0.1%).

Compared to May 2015, industrial production dropped 7.8% in 2016. 12 of the 14 cities studied had less industrial production than the year before. The states that loss the most were Espirito Santo, which fell -18.9% and Parana at -11.0%. On a positive note, Mato Grosso expanded 14.6% and Para 7.8%.

Between January and May 2016 national production fell in 12 locations. The national average was -9.8%. Espirito Santo led the way at -21.6%, followed by Amazonas -18.8% and Pernambuco -18.7%. States that have grown since January include Para at 9.6%, Mato Grosso at 7.4% and Bahia at 1.2%.

Source: Globo (in Portuguese) Industrial Production 2016



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