INDUSTRY IN FIGURES January/2019
1. Industry performance (short-term indicators) Main industrial indicators Variable Nov18/Oct18 (%) seasonally adjusted Nov18/Nov17 (%) Accumulated rate in the last 12 months; until November (%) Physical Production ₁ 0.1-0.9 1.8 Real Sales ₂ 2.1 1.8 4.4 Employment ₂ 0.3-0.3 0.2 and CNI 1 General industry (Includes Mining and quarrying and Manufacturing); 2 Manufacturing Variable Nov/18 Oct/18 Nov/17 Capacity utilization 1 Seasonally adjusted, average percentage Actual-usual capacity utilization 2,3 Index 76.8% 77.1% 78.1% 43.5 45.9 43.6 Actual-planned inventories 2,4 Index 50.2 50.8 49.8 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 Dec/18 Value Nov/18 Accumulated value in the last 12 months; until December 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 7,105 8,435 86,548 10,576 14,726 154,122-3,471-6,291-67,574 Source: MDIC
Business Confidence Index 70 65 60 57.9 (May/12) 58.3 (Dec/17) 63.8 (Dec/18) 55 50 45 40 35 30 May-12 Nov-12 May-13 Nov-13 May-14 Nov-14 May-15 Nov-15 May-16 Nov-16 May-17 Nov-17 May-18 Nov-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 12.8 10.0 5.0 0.0-5.0 0.5-0.1 1.0 0.2 0.6 2.8-2.2 0.0-0.1 0.9-0.2-0.8-1.7-0.1 0.1-10.0-11.0-15.0 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 May-18 Jul-18 Sep-18 Nov-18 Note: General industry (Includes Mining and quarrying and Manufacturing)
Sectoral physical production - Monthly variation - Manufacturing November compared to October (%) - seasonally adjusted Pharmaceutical chemicals and pharmaceuticals Food Cleaning and perfumes preparations Furniture Metal Products Tabacco Leather and footwear Coke, refined petroleum products and biofuel Wearing apparel Basic metals MANUFACTURING -0.9-1.1-1.1-1.3-1.8-1.8-1.9-2.3-3.1-3.2-4.2-7.9 7.1 5.9 2.8 1.5 1.1 0.8 0.6 0.5 0.2 0.2 0.0 Beverages Pulp and Paper Rubber and plastics products Non-metallic mineral products Wood products Electrical equipment Computers, electronics and opticals products Textiles Other transport equipment Machinery and equipment Motor vehicles, trailers and semi-trailers Printing and reproduction
Industrial prices and costs - Quarterly variation Growth rate compared to the immediate previous quarter - seasonally adjusted (%) 4.2 3.8 3.8 3.8 2.7 2.5 0.5 0.5 0.3 1.0 1.0 0.1 1.5 1.6-0.3 0.0-0.8-0.8 III IV I II III IV I II III 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-III 2018-I 2018-II 2018-III GDP 0.2 0.2 0.8 1.4 Industry -0.3-0.3 0.4 1.3 Manufacturing -0.3-0.7 0.8 3.1 Mining and quarrying 0.2 0.5 0.7 0.0 SIUP ₁ 2.3-0.6-1.1 1.1 Construction -2.9-0.4 0.7-2.5 Agriculture 1.8 0.5 0.7 0.4 Services 0.2 0.3 0.5 1.5 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 21.3 23.8 20.3 24.3 19.9 Mining and quarrying 3.0 1.7 0.5 0.5 1.2 1.0 Manufacturing 16.6 12.2 17.8 14.6 17.7 14.0 SIUP 1 3.0 2.6 1.0 1.0 1.9 1.6 Construction 4.6 4.8 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 21.3 (2017) 20 1947 1949 1951 1953 1955 1957 1959 1961 1963 1965 1967 1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017
Evolution of manufactured products share in Brazilian exports - 1974-2018 (%) 65 60 55 50 45 40 35 30 Trade balance (in USD billion) 2008 2018-39.8-67.6 46.8 (2008) 36.1 (2018) 25 20 120 110 100 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 2018 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 -0.1% 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 5% 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 21.3 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, Janeiro 2019. Monthly publication of the National Confederation of Industry - CNI Research and Competitiveness Unit - GPC Economic Policy Unit - PEC www.cni.com.br