INDUSTRY IN FIGURES November/2018
1. Industry performance (short-term indicators) Main industrial indicators Variable Sep18/Aug18 (%) seasonally adjusted Sep18/Sep17 (%) Accumulated rate in the last 12 months; until September (%) Physical Production ₁ -1.8-2.0 2.7 Real Sales ₂ -1.1 4.6 5.9 Employment ₂ -0.1 0.4 0.1 and CNI 1 General industry (Includes Mining and quarrying and Manufacturing); 2 Manufacturing Variable Sep/18 Aug/18 Sep/17 Capacity utilization 1 Seasonally adjusted, average percentage Actual-usual capacity utilization 2,3 Index 77.8% 78.2% 77.5% 42.8 45.3 41.8 Actual-planned inventories 2,4 Index 51.2 51.2 50.7 Source: CNI 1 Manufacturing; 2 General industry(includes Mining and quarrying and Manufacturing); 3 The indicator varies in the 0-100 interval. Figures under 50 points indicate idleness of industrial facilities; 4 The indicator varies in the 0-100 interval. Figures above 50 points indicate that actual inventory is above planned levels. Variable Value Oct/18 Value Sep/18 Accumulated value in the last 12 months; until October Exports of manufactured goods US Dollar (Millions), F.O.B Imports of manufactured goods US Dollar (Millions), F.O.B Manufactured goods trade balance US Dollar (Millions), F.O.B 7,785 6,275 85,085 13,455 11,891 150,492-5,670-5,616-65,407 Source: MDIC
Business Confidence Index 70 65 60 55 58.6 (Mar/12) 56.0 (Oct/17) 53.7 (Oct/18) 50 45 40 35 30 Mar-12 Sep-12 Mar-13 Sep-13 Mar-14 Sep-14 Mar-15 Sep-15 Mar-16 Sep-16 Mar-17 Sep-17 Mar-18 Sep-18 Source: CNI Note: The indicator varies in the 0-100 interval. Figures above 50 points indicate that entrepreneurs are confident. Industrial physical production - Monthly variation Growth rate compared to the immediately previous month (%) - seasonally adjusted 15.0 12.6 10.0 5.0 2.8 0.0 0.5 0.8 0.5 0.8 0.0 0.8 0.1 0.9-5.0-0.1-2.2-0.1-0.2-0.7-1.8-10.0-10.9-15.0 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 May-18 Jul-18 Sep-18 Note: General industry (Includes Mining and quarrying and Manufacturing)
Sectoral physical production - Monthly variation - Manufacturing September compared to August (%) - seasonally adjusted Basic metals Printing and reproduction Leather and footwear Electrical equipment Textiles Non-metallic mineral products Computers, electronics and opticals products Metal products Other transport equipment -0.3-1.0-1.2-1.2-1.3-1.4-1.5-2.4-4.2-4.6-5.1-5.7-9.6-10.3 5.4 4.0 2.4 2.1 1.5 0.9 0.1 0.1 0.0 Wood products Cleaning and perfumes preparations Rubber and plastics products Wearing apparel Food MANUFACTURING Coke, refined petroleum products and biofuel Pulp and Paper Furniture Tobacco Motor vehicles, trailers and semi-trailers Pharmaceutical chemicals and pharmaceuticals Beverages Machinery and equipment
Industrial prices and costs - Quarterly variation Growth rate compared to the immediate previous quarter - seasonally adjusted (%) 3.7 3.8 2.7 2.5 1.1 0.5 0.5 0.2 1.0 1.0 0.1 1.5 1.6-1.2-0.3-0.1-0.8-0.8 II III IV I II III IV I II 2016 2017 2018 Costs Prices Source: CNI and FGV Note: Manufacturing GDP and its components Components Growth rate compared to the immediate previous quarter - seasonally adjusted (%) Growth rate on the last 4 quarters, until 2018-II 2017-IV 2018-I 2018-II GDP 0.0 0.1 0.2 1.4 Industry 0.7 0.1-0.6 1.4 Manufacturing 1.8-0.4-0.8 3.5 Mining and quarrying -1.0 0.4 0.4 0.3 SIUP ₁ 0.1 2.3 0.7 1.0 Construction 0.1-0.4-0.8-2.4 Agriculture 0.0 1.3 0.0 2.0 Services 0.1 0.1 0.3 1.4 1 Public Utility Industrial Services. It refers to electricity, gas, water supply, sewerage and other related services.
2. Industry Profile 2.1 The importance of industry in Brazil Industry s share (%) Activity GDP Employment Total payroll 2007 2017 2007 2017 2007 2017 INDUSTRY 27.1 21.5 23.8 20.3 24.3 19.9 Mining and quarrying 3.0 1.8 0.5 0.5 1.2 1.0 Manufacturing 16.6 11.8 17.8 14.6 17.7 14.0 SIUP 1 3.0 2.7 1.0 1.0 1.9 1.6 Construction 4.6 5.2 4.5 4.2 3.5 3.3 and RAIS/Ministry of Labour. 1 Public Utility Industrial Services. It refers to electricity, gas, water supply, sewerage and other related services. Evolution of industry s share in GDP - 1947-2017 (%) 50 45 40 35 30 27.1 (2007) 25 21.5 (2017) 20 1947 1950 1953 1956 1959 1962 1965 1968 1971 1974 1977 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016
Evolution of manufactured products share in Brazilian exports - 1974-2017 (%) 65 60 55 52.3 (2007) 50 45 40 35 30 25 20 Trade balance (in USD billion) 2007 2017-9.2-47.7 36.9 (2017) 120 110 100 90 80 70 60 50 40 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 Source: Funcex 2.2 Labor productivity Evolution of labor productivity - Manufacturing - 1992-2017 (output/hours worked) - (Index, 2010 = 100) 99.4 (2007) 107.7 (2017) Average annual growth Last decade 2007-2017 0.8% 2007-2012 -0.2% 2012-2017 1.8% Source: CNI
2.3 Sectoral dynamic Share in manufacturing s value of industrial transformation: five main sectors 2006 2016 Other sectors 41% Basic metals 8% Food and beverages 17% Coke, refined petroleum products and biofuel 13% Motor vehicle trailers and semi-trailers 9% Chemicals 11% Basic metals 6% Other sectors 40% Food and beverages 25% Motor vehicle trailers and semi-trailers 6% Chemicals 12% Coke, refined petroleum products and biofuel 11% 2.4 International Comparison - Brazil and selected countries Industry s share (%) Countries GDP Employment Exports 2007 2017 2007 2017 2007 2017 Argentina 27.4 21.7 24.3 23.3 31.3 28.8 Brazil 27.1 21.5 23.8 20.3 52.3 36.9 China 46.9 40.5 30.0 26.6 93.1 93.8 a South Korea 33.4 35.9 25.9 24.8 89.2 89.5 United States 21.5 18.9 a 21.0 18.9 77.6 61.8 India 31.7 26.2 20.6 23.8 64.2 71.0 Mexico 33.8 29.9 26.0 25.8 72.1 82.1 Russian Federation 31.2 30.0 29.2 26.9 17.0 22.3 Source: The World Bank, IBGE, RAIS/Ministry of Labour and FUNCEX a - 2016 English version of Indústria em Números, Novembro 2018. Monthly publication of the National Confederation of Industry - CNI Research and Competitiveness Unit - GPC Economic Policy Unit - PEC www.cni.com.br