Industry

Brazil June Industrial Production Declined Among Supply Shortages, Weaker Demand

MarketWatch
02/08/2022 21:10
Visualizações: 1022

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
Selic Rate
Selic Rate Hike to 14.75% Signals Risks to Industry and ...
08/05/25
OTC Houston 2025
A Sergipe delegation at the fair in the USA met with Pet...
07/05/25
RD&I
ouronova and Equinor develop robots to operate in FPSO tanks
07/05/25
OTC Houston 2025
Petrobras, IBP, Sinaval, and ApexBrasil promote new busi...
07/05/25
Offshore
Decommissioning of Fixed Platforms in Shallow Waters Att...
07/05/25
OTC Houston 2025
Vesper, a leader in industrial EX Fans and Exhausters, m...
07/05/25
Sergipe Oil & Gas 2025
SOG25 to Highlight Sergipe’s Oil and Gas Production Pote...
07/05/25
OTC Houston 2025
EPE destaca oportunidades de investimento no setor energ...
07/05/25
OTC Houston 2025
PPSA announces revision of the volume to be offered in t...
06/05/25
OTC Houston 2025
Fábio Mitidieri attends the opening of the Brazil Pavili...
06/05/25
Logistics
Vast completes 1,000th oil transshipment operation
06/05/25
Offshore Wind Energy
Brazil and the Netherlands promote seminar on offshore w...
06/05/25
Company News
Prime Energy expands operations in Minas Gerais
06/05/25
OTC Houston 2025
Brazil Brings the Largest Foreign Delegation to Oil and ...
05/05/25
OTC Houston 2025
IBP Featured in OTC Houston 2025 Lineup
05/05/25
OTC Houston 2025
To showcase Rio de Janeiro’s energy potential, Firjan ar...
05/05/25
OTC Houston 2025
Petrobras participates in OTC 2025, in Houston (USA
05/05/25
OTC Houston 2025
MODEC Group Professionals to Be Honored at OTC 2025
05/05/25
International Company News
TVO Adds to Global Business Development Team
01/05/25
Ethanol
Sugarcane production estimated at 663.4 million tons for...
30/04/25
OTC Houston 2025
Brazilian industry to attend OTC 2025 aiming to expand i...
30/04/25
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.