Brazilian industrial production declined by 3pc in July on an annual basis while it rose by 8pc over the prior month, the Brazilian statistics agency (IBGE) said in a recent statement without disclosing actual volumes.The South American country also saw a decline in its industrial output by 9.6pc between January and July this year, compared to the same period in 2019.

 

Production of intermediate goods increased by 8.4pc in July, compared to June, while the production of capital goods and consumer goods rose by 15pc and 9.3pc, respectively, in the same period. Production of durable consumer goods also increased by 42pc in July of this year as compared to June while production of semi-durable and non-durable increased by 4.7 in the same period. 

 

Among the 26 sectors surveyed, 25 recorded an increase in production in July over the prior month. The automotive and auto parts industry’s output rose 43.9pc while steel production increased by 18.7pc in July over June, IBGE noted.

 

Brazil’s car production also increased by 23.6pc in August to 210,900 units from July, making it the highest production since the outbreak of the pandemic, according to figures from the Association of Motor Vehicle Manufacturers (Anfavea).

 

Brazil’s crude steel production saw an uptick 3.5pc to 2.59mn mt in July this year from 2.50mn mt in the same month last year while long steel production increased by 10.6pc  to 809,000mt in July this year, from 731,000mt produced in July 2019, according to data from the Brazilian Steel Institute (Aço Brasil).

 

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