Industrial activity sees its biggest increase of the year: 2,6%
After four consecutive months of decline, industrial activity returned to growth in July; hours worked in production increased by 2,6% and industrial revenue grew by 1,2% compared to June; capacity utilization rose to 81%, 0,6 percentage points above that recorded in June; these figures are from the Industrial Indicators survey, released by the CNI, chaired by Robson Andrade.
Industry Portal - After four consecutive months of decline, industrial activity grew again in July. Hours worked in production increased by 2,6% and industry revenue grew by 1,2% in July compared to June, in the seasonally adjusted series. The information comes from the Industrial Indicators survey, released by the National Confederation of Industry (CNI), this Thursday (4).
Growth in sector activity raised capacity utilization to 81% in July, 0,6 percentage points higher than in June. However, the research highlights that part of the growth in these indicators is due to the fewer number of working days affected by the World Cup in July compared to June.
"Even with the growth in hours worked, revenue, and capacity utilization, the industry remains sluggish," the research notes. This trend is confirmed by employment and payroll indicators, which registered their fifth consecutive decline. Both employment and payroll fell 0,2% in July compared to June, according to seasonally adjusted data.
DECLINE COMPARED TO JULY 2013 – With the exception of average real income, all indicators registered a decline in July of this year compared to the same month last year. In this comparison, hours worked fell by 2,3%, employment contracted by 0,6%, and the wage bill decreased by 0,2%. Capacity utilization was 1,4 percentage points lower than in July 2013.
Although income is 0,4% higher in July of this year compared to the same month last year, there has been a sharp slowdown in the last four months on the same basis of comparison, highlighted the Industrial Indicators survey.