industry in figures AWS
INDUSTRY IN FIGURES December/2017
1. Industry performance (short-term indicators) Main industrial indicators Oct17/Sep17 (%) seasonally adjusted
Oct17/Oct16 (%)
Accumulated rate in the last 12 months; until October (%)
Physical Production₁
0.2
5.2
1.5
Real Sales₂
1.7
11.9
-2.5
Employment₂
0.1
-1.3
-3.5
Variable
Source: IBGE and CNI 1 General industry (Includes Mining and quarrying and Manufacturing); 2 Manufacturing
Variable Capacity utilization1
Seasonally adjusted, average percentage
Actual-usual capacity utilization2,3 Index
Actual-planned inventories2,4 Index
Oct/17
Sep/17
Oct/16
77.7%
77.5%
76.1%
43.0
41.8
36.8
49.9
50.7
50.6
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 that capacity utilization is below usual levels; 4 The indicator varies in the 0-100 interval. Figures above 50 points indicate that actual inventory is above planned levels.
Variable 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 Source: MDIC
Value Nov/17
Value Oct/17
Accumulated value in the last 12 months; until November
6,775
6,998
79,956
11,086
11,835
127,098
-4,311
-4,837
-47,142
Business Confidence Index 70.0 65.0
59.5
56.5
(Apr/11)
60.0
(Nov/17)
51.7
(Nov/16)
55.0 50.0 45.0 40.0 35.0 30.0 Apr-11
Oct-11
Apr-12
Oct-12
Apr-13
Oct-13
Apr-14
Oct-14
Apr-15
Oct-15
Apr-16
Oct-16
Apr-17
Oct-17
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 3.0
2.0
2.4 1.8 1.1
1.0
1.0
1.4 0.7
0.5
0.1
0.2
0.3
0.2
0.2
0.0
-0.3
-1.0
-0.8 -1.5
-2.0
-1.6
-2.6
-3.0 Jun-16
Aug-16
Oct-16
Dec-16
Feb-17
Apr-17
Source: IBGE Note: General industry (Includes Mining and quarrying and Manufacturing)
Jun-17
Aug-17
Oct-17
Sectoral physical production - Monthly variation - Manufacturing October compared to September (%) - seasonally adjusted 20.3
Pharmaceutical chemicals and pharmaceuticals
4.8
Beverages Wearing apparel
4.3
Leather and footwear
3.8
Other transport equipment
3.2
Wood products
2.9
Furniture
2.4
Textiles
2.0
Basic metals
1.6
Machinery and equipment
1.3
Metal products
0.7
MANUFACTURING 0.5 Computers, electronics and opticals products 0.4
-0.1 Motor vehicles, trailers and semi-trailers -0.2 Non-metallic mineral products -0.4 Pulp and Paper -0.9
Rubber and plastics products
-0.9
Electrical equipment
-2.6 -3.2 -5.7 -8.1 Source: IBGE
Coke, refined petroleum products and biofuel Cleaning and perfumes preparations Food Tobacco
Industrial prices and costs - Quarterly variation Growth rate compared to the immediate previous quarter - seasonally adjusted (%) 4.3 3.5 2.9
2.6
2.8 2.2 1.7
1.5 1.1
1.0 0.5
0.5
0.1
0.8
0.5
-0.6
-0.8
-1.5 II
III
IV
I
II
2015
III
IV
2016
Costs
II 2017
Prices
Costs
Source: CNI and FGV Note: Manufacturing
I
Prices
GDP and its components Components
Growth rate compared to the immediate previous quarter - seasonally adjusted (%)
Growth rate on the last 4 quarters, until 2017-III
2017-I
2017-II
2017-III
GDP
1.3
0.7
0.1
-0.2
Industry
1.2
-0.4
0.8
-1.4
Manufacturing
1.7
0.2
1.4
-0.6
Mining and quarrying
1.8
-0.2
0.2
5.4
SIUP₁
2.6
-2.0
0.1
2.0
Construction
0.1
-1.9
0.0
-6.6
Agriculture
12.9
-2.3
-3.0
11.6
Services
0.3
0.8
0.6
-0.8
Source: IBGE 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 (%) GDP
Activity
Employment
Total payroll
2006
2016
2006
2016
2006
2016
INDUSTRY
27.7
21.2
24.2
21.2
24.6
21.0
Mining and quarrying
3.5
1.1
0.5
0.5
1.2
1.1
Manufacturing
16.6
11.9
18.8
15.5
18.5
14.9
SIUP1
3.2
2.7
1.0
0.9
1.9
1.6
Construction
4.3
5.4
4.0
4.3
3.1
3.5
Source: IBGE 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 - 1947-2016 (%) 50 45 40 35
27.7
30
(2006)
21.2
25
(2016)
Source: IBGE
2016
2013
2010
2007
2004
2001
1998
1995
1992
1989
1986
1983
1980
1977
1974
1971
1968
1965
1962
1956
1959
1953
1950
1947
20
Evolution of manufactured products share in Brazilian exports - 1974-2016 (%) 65
54.4
60
(2006)
55 50
39.9
Trade balance (in USD billion)
45 40
2006 5.1
35
(2016)
2016 -43.7
30 25
2016
2014
2012
2010
2008
2006
2004
2002
2000
1998
1996
1994
1992
1990
1988
1986
1984
1982
1980
1978
1976
1974
20
Source: Funcex
2.2 Labor productivity Evolution of labor productivity - Manufacturing - 1970-2016 (Index, 1990 = 100) 225
Average annual growth
200
1971-1980 4.4% 1990-2000 6.5%
175 150
1980-1990 1.4% 2000-2010 0.5%
196.2
182.2
(2006)
125
(2016)
Average annual growth Last decade
100 75
2006-2016 -0.7% 2006-2011 -0.4% 2011-2016 -1.1%
50 25
Source: CNI
2015
2013
2011
2009
2007
2005
2003
2001
1999
1997
1995
1993
1991
1989
1987
1985
1983
1981
1979
1977
1975
1973
1971
0
005
2.3 Sectoral dynamic Share in manufacturing’s value of industrial transformation: five main sectors
2015
2005 Food and beverages 17% Other sectors 41%
Motor vehicles, trailers and semi-trailers 9%
2015
Coke, refined petroleum products and biofuel 13% Chemicals 11%
Other sectors 41%
Chemicals 12%
Basic metals 6%
Basic metals 9%
Food and beverages 23%
Source: IBGE
Motor vehicles, trailers and semi-trailers 7%
Coke, refined petroleum products and biofuel 11%
2.4 International Comparison - Brazil and selected countries Industry’s share (%) Countries
GDP
Employment
Exports
2006
2016
2006
2016
2006
2016
Argentina
34.4
26.7
23.7
c
24.6
32.2
29.4a
Brazil
27.7
21.2
24.2
21.2
54.4
39.9
China
47.6
39.8
25.2
a
29.3
92.4
94.3a
South Korea
36.9
38.6
26.3
24.9
89.5
89.6a
United States
22.3
20.0a
20.8
18.4
79.2
63.4
India
34.4
28.8
19.0b
22.4d
66.3
73.1
Mexico
36.4
32.7
25.8
25.3
76.0
83.0
Russian Federation
37.2
32.4
29.3
27.2
16.5
20.5a
Source: The World Bank, IBGE, RAIS/Ministry of Labour and FUNCEX Notes: a - 2015; b - 2005; c - 2014; d - 2010 English version of “Indústria em Números, Dezembro 2017”. Monthly publication of the National Confederation of Industry - CNI Research and Competitiveness Unit - GPC Economic Policy Unit - PEC www.cni.org.br
a
1. Industry performance (short-term indicators) Main industrial indicators Oct17/Sep17 (%) seasonally adjusted
Oct17/Oct16 (%)
Accumulated rate in the last 12 months; until October (%)
Physical Production₁
0.2
5.2
1.5
Real Sales₂
1.7
11.9
-2.5
Employment₂
0.1
-1.3
-3.5
Variable
Source: IBGE and CNI 1 General industry (Includes Mining and quarrying and Manufacturing); 2 Manufacturing
Variable Capacity utilization1
Seasonally adjusted, average percentage
Actual-usual capacity utilization2,3 Index
Actual-planned inventories2,4 Index
Oct/17
Sep/17
Oct/16
77.7%
77.5%
76.1%
43.0
41.8
36.8
49.9
50.7
50.6
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 that capacity utilization is below usual levels; 4 The indicator varies in the 0-100 interval. Figures above 50 points indicate that actual inventory is above planned levels.
Variable 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 Source: MDIC
Value Nov/17
Value Oct/17
Accumulated value in the last 12 months; until November
6,775
6,998
79,956
11,086
11,835
127,098
-4,311
-4,837
-47,142
Business Confidence Index 70.0 65.0
59.5
56.5
(Apr/11)
60.0
(Nov/17)
51.7
(Nov/16)
55.0 50.0 45.0 40.0 35.0 30.0 Apr-11
Oct-11
Apr-12
Oct-12
Apr-13
Oct-13
Apr-14
Oct-14
Apr-15
Oct-15
Apr-16
Oct-16
Apr-17
Oct-17
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 3.0
2.0
2.4 1.8 1.1
1.0
1.0
1.4 0.7
0.5
0.1
0.2
0.3
0.2
0.2
0.0
-0.3
-1.0
-0.8 -1.5
-2.0
-1.6
-2.6
-3.0 Jun-16
Aug-16
Oct-16
Dec-16
Feb-17
Apr-17
Source: IBGE Note: General industry (Includes Mining and quarrying and Manufacturing)
Jun-17
Aug-17
Oct-17
Sectoral physical production - Monthly variation - Manufacturing October compared to September (%) - seasonally adjusted 20.3
Pharmaceutical chemicals and pharmaceuticals
4.8
Beverages Wearing apparel
4.3
Leather and footwear
3.8
Other transport equipment
3.2
Wood products
2.9
Furniture
2.4
Textiles
2.0
Basic metals
1.6
Machinery and equipment
1.3
Metal products
0.7
MANUFACTURING 0.5 Computers, electronics and opticals products 0.4
-0.1 Motor vehicles, trailers and semi-trailers -0.2 Non-metallic mineral products -0.4 Pulp and Paper -0.9
Rubber and plastics products
-0.9
Electrical equipment
-2.6 -3.2 -5.7 -8.1 Source: IBGE
Coke, refined petroleum products and biofuel Cleaning and perfumes preparations Food Tobacco
Industrial prices and costs - Quarterly variation Growth rate compared to the immediate previous quarter - seasonally adjusted (%) 4.3 3.5 2.9
2.6
2.8 2.2 1.7
1.5 1.1
1.0 0.5
0.5
0.1
0.8
0.5
-0.6
-0.8
-1.5 II
III
IV
I
II
2015
III
IV
2016
Costs
II 2017
Prices
Costs
Source: CNI and FGV Note: Manufacturing
I
Prices
GDP and its components Components
Growth rate compared to the immediate previous quarter - seasonally adjusted (%)
Growth rate on the last 4 quarters, until 2017-III
2017-I
2017-II
2017-III
GDP
1.3
0.7
0.1
-0.2
Industry
1.2
-0.4
0.8
-1.4
Manufacturing
1.7
0.2
1.4
-0.6
Mining and quarrying
1.8
-0.2
0.2
5.4
SIUP₁
2.6
-2.0
0.1
2.0
Construction
0.1
-1.9
0.0
-6.6
Agriculture
12.9
-2.3
-3.0
11.6
Services
0.3
0.8
0.6
-0.8
Source: IBGE 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 (%) GDP
Activity
Employment
Total payroll
2006
2016
2006
2016
2006
2016
INDUSTRY
27.7
21.2
24.2
21.2
24.6
21.0
Mining and quarrying
3.5
1.1
0.5
0.5
1.2
1.1
Manufacturing
16.6
11.9
18.8
15.5
18.5
14.9
SIUP1
3.2
2.7
1.0
0.9
1.9
1.6
Construction
4.3
5.4
4.0
4.3
3.1
3.5
Source: IBGE 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 - 1947-2016 (%) 50 45 40 35
27.7
30
(2006)
21.2
25
(2016)
Source: IBGE
2016
2013
2010
2007
2004
2001
1998
1995
1992
1989
1986
1983
1980
1977
1974
1971
1968
1965
1962
1956
1959
1953
1950
1947
20
Evolution of manufactured products share in Brazilian exports - 1974-2016 (%) 65
54.4
60
(2006)
55 50
39.9
Trade balance (in USD billion)
45 40
2006 5.1
35
(2016)
2016 -43.7
30 25
2016
2014
2012
2010
2008
2006
2004
2002
2000
1998
1996
1994
1992
1990
1988
1986
1984
1982
1980
1978
1976
1974
20
Source: Funcex
2.2 Labor productivity Evolution of labor productivity - Manufacturing - 1970-2016 (Index, 1990 = 100) 225
Average annual growth
200
1971-1980 4.4% 1990-2000 6.5%
175 150
1980-1990 1.4% 2000-2010 0.5%
196.2
182.2
(2006)
125
(2016)
Average annual growth Last decade
100 75
2006-2016 -0.7% 2006-2011 -0.4% 2011-2016 -1.1%
50 25
Source: CNI
2015
2013
2011
2009
2007
2005
2003
2001
1999
1997
1995
1993
1991
1989
1987
1985
1983
1981
1979
1977
1975
1973
1971
0
005
2.3 Sectoral dynamic Share in manufacturing’s value of industrial transformation: five main sectors
2015
2005 Food and beverages 17% Other sectors 41%
Motor vehicles, trailers and semi-trailers 9%
2015
Coke, refined petroleum products and biofuel 13% Chemicals 11%
Other sectors 41%
Chemicals 12%
Basic metals 6%
Basic metals 9%
Food and beverages 23%
Source: IBGE
Motor vehicles, trailers and semi-trailers 7%
Coke, refined petroleum products and biofuel 11%
2.4 International Comparison - Brazil and selected countries Industry’s share (%) Countries
GDP
Employment
Exports
2006
2016
2006
2016
2006
2016
Argentina
34.4
26.7
23.7
c
24.6
32.2
29.4a
Brazil
27.7
21.2
24.2
21.2
54.4
39.9
China
47.6
39.8
25.2
a
29.3
92.4
94.3a
South Korea
36.9
38.6
26.3
24.9
89.5
89.6a
United States
22.3
20.0a
20.8
18.4
79.2
63.4
India
34.4
28.8
19.0b
22.4d
66.3
73.1
Mexico
36.4
32.7
25.8
25.3
76.0
83.0
Russian Federation
37.2
32.4
29.3
27.2
16.5
20.5a
Source: The World Bank, IBGE, RAIS/Ministry of Labour and FUNCEX Notes: a - 2015; b - 2005; c - 2014; d - 2010 English version of “Indústria em Números, Dezembro 2017”. Monthly publication of the National Confederation of Industry - CNI Research and Competitiveness Unit - GPC Economic Policy Unit - PEC www.cni.org.br
a
