Industry

Brazil June Industrial Production Declined Among Supply Shortages, Weaker Demand

MarketWatch
02/08/2022 21:10
Visualizações: 1632

Brazil's industrial production fell in June, the first decline in five months, after scarcity for some supplies pushed costs up and high interest rates and unemployment reduced demand.

Production fell a seasonally adjusted 0.4% in June and fell 0.5% from a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE, said Tuesday. In May, production rose 0.3% in the month and grew 0.5% from a year earlier.

Logistics problems and Covid-related lockdowns in China have made it more difficult for manufacturers to acquire the supplies they need to keep factories running smoothly, according to André Macedo, the IBGE's research manager for the industrial production series.

"The behavior of industrial activity has been marked by stoppages at industrial plants, reductions in working hours and collective vacations," he said.

Output of intermediate goods, which are materials such as steel and plastics that are used in the production of other goods, declined 1.8% in the month, outweighing increases in production of capital goods and consumer products, according to the IBGE. Output of capital goods increased 0.2% in the month, and production of consumer goods rose 1.5% in the period.

Most Read Today
See Also
OTC Brasil 2025
O&G exploration is key to social development and a just ...
28/10/25
OTC Brasil 2025
Experts warn regulatory instability threatens US$100 bil...
28/10/25
International Company News
Sercel Awarded Major Contract by ONGC to Supply Sercel 5...
28/10/25
Record
Petrobras announces production record of FPSO Almirante ...
28/10/25
OTC Brasil 2025
Event brings together global offshore industry leaders a...
28/10/25
OTC Brasil 2025
Petrobras participates in OTC Brasil 2025, in Rio de Janeiro
28/10/25
Petrobras
Petrobras produced 3.14 million barrels of oil equivalen...
27/10/25
FIRJAN
By 2035+, Rio de Janeiro State’s Energy Potential Could ...
23/10/25
Pre-Salt
PPSA to auction in December the first share of governmen...
23/10/25
Auction
Petrobras wins auction and leases RDJ07 terminal at the ...
23/10/25
Permanent Offer
Equinor acquires two new blocks in the Campos Basin duri...
23/10/25
OTC Brasil 2025
OTC Brasil 2025 Kicks Off in One Week with a Packed Prog...
22/10/25
Agreement
Wärtsilä Lifecycle agreement renewed to maintain safe, r...
22/10/25
Petrobras
Petrobras receives operating license for deepwater explo...
20/10/25
Equatorial Margin
License Grant for Drilling in the Equatorial Margin Is P...
20/10/25
Equatorial Margin
ABESPetro Statement on the Licensing of the Equatorial M...
20/10/25
Energy Transition
BNDES, Petrobras, and Finep select Valetec to manage the...
20/10/25
Pre-Salt
Petrobras and PPSA sign equalization agreement for Jubar...
20/10/25
WPC Energy Youth Forum
Kuwait to Host 8th WPC Energy Youth Forum in October 2025
20/10/25
Exports
Petrobras signs contract to sell six million barrels of ...
20/10/25
Petrobras
Petrobras puts the Harpia supercomputer into operation
10/10/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.