The Industrial Indicators, calculated by the National Confederation of Industry (CNI), point to a partial recovery of the industry in May this year, after the poor performance in April. The real turnover of the manufacturing industry recorded the highest level in 2022, rising 1.8% compared to April.

Hours worked in production increased by 1.6% in May, compared to the previous month. After falling in April, the index of hours worked in production showed a moderate increase, but did not recover the level registered between February and March 2022. Compared to May 2021, there is a growth of 4.2%.

Industrial employment recorded an advance of 0.1% in the period and interrupted a sequence of three months of decline. Compared to May 2021, there is an increase of 1.5%.

“The May result is important because it reverses, albeit partially, the most negative result of April. And the resumption of the positive trajectory of the job market is very important”, explains the manager of Economic Analysis at CNI, Marcelo Azevedo (photo).

Real wage bill in the manufacturing industry grew by 1.3%

The real wage bill in the manufacturing industry grew by 1.3%. This is the second consecutive month of growth and reinforces the upward trend started in November 2021. In comparison with May 2021, growth was 5%.

The real average income of industrial workers rose 1.3% in relation to April and resumes the upward trend started in November 2021. In relation to the result of May 2021, there was a growth of 3.5%.

Installed Capacity Utilization (UCI) dropped by 0.1 percentage point in May. With this, the series returns to the level reached in January 2022. The recent evolution of the UCI consolidates a scenario of stability for the first five months of 2022. Compared to May 2021, the indicator decreased by 0.5 percentage point.