CNI contorts itself to justify its support for the coup.

Production and employment in Brazilian industry ended 2016 in decline, according to the Industrial Survey conducted by the National Confederation of Industry (CNI); the production indicator reached 40,7 points in the last month of last year, compared to 47 points in November, below the dividing line of 50 points, which indicates a drop in production; the data also shows that the evolution of the number of employees was 44,7 points last month, while in November it was 45,8 points; under Temer and Meirelles, Brazilian industry is at rock bottom; but the entity headed by Robson Andrade says it is better than in December 2015, when Brazil was suffering the effects of the coup conspiracy, supported by the entity itself.

January 20, 2017, 13:46 AMUpdated July 04, 2018, 01:08 pm

Production and employment in Brazilian industry ended 2016 in decline, according to the Industrial Survey conducted by the National Confederation of Industry (CNI); the production indicator reached 40,7 points in the last month of last year, compared to 47 points in November, below the dividing line of 50 points, which indicates a drop in production; the data also shows that the evolution of the number of employees was 44,7 points last month, while in November it was 45,8 points; under Temer and Meirelles, Brazilian industry is at rock bottom; but the entity headed by Robson Andrade says it is better than in December 2015, when Brazil was suffering the effects of the coup conspiracy, supported by the entity itself (Photo: Paulo Emílio).

Mariana Branco, reporter for Agência Brasil - Production and employment in Brazilian industry ended 2016 in decline, but the situation is more favorable than that seen in December 2015. This information is in the Industrial Survey, released today (20) by the National Confederation of Industry (CNI).

According to the survey, the production indicator reached 40,7 points in the last month of last year, compared to 47 points in November. Although it is below the dividing line of 50 points, which indicates a drop in production, the index exceeds the 35,5 points recorded in December 2015.

According to the CNI (National Confederation of Industry), the drop in production is usual in December due to the end of Christmas orders. According to the organization, the December 2016 figure is the best in four years.

The indicator showing the evolution of the number of employees stood at 44,7 points last month, while in November it was at 45,8 points. Also below 50 points, the index improved compared to the result of December 2015, when employment was at 41,5 points.

According to the organization representing the industry, the data from the December survey shows that "the current scenario is still one of strike action." However, in the CNI's assessment, "the worst may be over."

Stocks

Industry inventories ended the year below desired levels, indicating that production may increase to replenish them. According to the CNI (National Confederation of Industry), this is a positive sign.

The indicator that measures actual inventory relative to planned inventory stood at 46,5 points in December 2016. This represents a decrease compared to November, when the index was at 48,3 points, and stability compared to December 2015, when 46,6 points were recorded.

Editing: Lílian Beraldo