industry in figures
INDUSTRY IN FIGURES April/2018
1. Industry performance (short-term indicators) Main industrial indicators Feb18/Jan18 (%) seasonally adjusted
Feb18/Feb17 (%)
Accumulated rate in the last 12 months; until February (%)
Physical Production₁
0.2
2.8
2.9
Real Sales₂
0.5
6.5
2.4
Employment₂
0.1
0.5
-1.9
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
Feb/18
Jan/18
Feb/17
78.0%
78.1%
76.6%
42.8
42.5
37.7
49.7
49.2
50.1
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 Mar/18
Value Feb/18
Accumulated value in the last 12 months; until March
7,151
7,852
83,684
11,672
10,603
131,745
-4,521
-2,751
-48,061
Business Confidence Index 70.0 65.0 60.0
59.0
56.3
(Mar/18)
(Aug/11)
54.0
(Mar/17)
55.0 50.0 45.0 40.0 35.0
30.0 Aug-11 Feb-12 Aug-12 Feb-13 Aug-13 Feb-14 Aug-14 Feb-15 Aug-15 Feb-16 Aug-16 Feb-17 Aug-17 Feb-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 4.0 2.9
3.0 1.8
2.0
0.8
0.7
1.0
1.2
1.1
0.9 0.5
0.6
0.2
0.0
0.0 -0.5
-1.0 -2.0
0.7
0.5
-1.5 -2.2
-2.3
-3.0 Oct-16
Dec-16
Feb-17
Apr-17
Jun-17
Aug-17
Source: IBGE Note: General industry (Includes Mining and quarrying and Manufacturing)
Oct-17
Dec-17
Feb-18
Sectoral physical production - Monthly variation - Manufacturing February compared to January (%) - seasonally adjusted Cleaning and perfumes preparations
4.4
Leather and footwear
4.1
Other transport equipment
3.9
Metal products
3.1
Electrical equipment
2.6
Wood products
2.5
Computers, electronics and opticals products
2.1
Beverages
1.8
Furniture
1.8
Rubber and plastics products
1.4
Motor vehicles, trailers and semi-trailers
0.9
Pulp and Paper 0.1 -0.1 MANUFACTURING -0.2 Non-metallic mineral products -0.8 -1.3
Coke, refined petroleum products and biofuel
-1.5
Basic metals
-1.7
Wearing apparel
-2.7 -4.4 -5.3 -8.1 -14.8 Source: IBGE
Food
Machinery and equipment Textiles Tobacco Pharmaceutical chemicals and pharmaceuticals Printing and reproduction
Industrial prices and costs - Quarterly variation Growth rate compared to the immediate previous quarter - seasonally adjusted (%) 4.3 3.8 2.7 2.2 1.6
1.5 1.1
1.0 0.5
-0.2
0.5
0.5
0.4
0.2
-0.1 -0.8
-0.8 -1.4 IV
I
II
2015
III
IV
I
II
2016
IV
2017
Costs Costs₁
Source: CNI and FGV Note: Manufacturing
III
Prices 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-IV
2017-II
2017-III
2017-IV
GDP
0.6
0.2
0.1
1.0
Industry
-0.7
1.0
0.5
0.0
Manufacturing
0.3
1.7
1.5
1.7
Mining and quarrying
-0.2
-0.2
-1.2
4.3
SIUP₁
-1.6
0.1
0.3
0.9
Construction
-1.9
0.2
0.0
-5.0
Agriculture
-2.7
-2.0
0.0
13.0
Services
0.8
0.6
0.2
0.3
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
2007
2017
2006
2016
2006
2016
INDUSTRY
27.1
21.5
24.2
21.2
24.6
21.0
Mining and quarrying
3.0
1.8
0.5
0.5
1.2
1.1
Manufacturing
16.6
11.8
18.8
15.5
18.5
14.9
SIUP1
3.0
2.7
1.0
0.9
1.9
1.6
Construction
4.6
5.2
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 - 1947-2017 (%) 50 45 40 35
27.1
30
(2007)
21.5
25
(2017)
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 - 1974-2017 (%) 65 60
52.3
(2007)
55 50
Trade balance (in USD billion)
45 40
2007 -9.2
35
2017 -47.7
36.9
30
(2017)
25 2016
2014
2012
2010
2008
2006
2004
2002
2000
1998
1996
1994
1992
1988
1990
1986
1984
1982
1980
1978
1976
1974
20
Source: Funcex
2.2 Labor productivity Evolution of labor productivity - Manufacturing - 1992-2017 (output/hours worked) - (Index, 2010 = 100) 120
107.7 (2017)
99.4
110
(2007)
100 90
Average annual growth Last decade
80
2007-2017 0.8% 2007-2012 -0.2% 2012-2017 1.8%
70 60 50
Source: CNI
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
40
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
23.8
24.8
32.2
26.6
Brazil
27.7
21.2
24.2
21.2
54.4
39.9
China
47.6
39.8
22.5
23.9
92.4
93.7
South Korea
36.9
38.6
26.3
24.9
89.5
90.1
United States
22.3
20.0a
20.3
17.2
79.2
63.4
India
34.4
28.8
19.8
24.3
66.3
73.1
Mexico
36.4
32.7
26.0
25.2
76.0
83.0
Russian Federation
37.2
32.4
29.3
27.3
16.5
21.8
Source: The World Bank, IBGE, RAIS/Ministry of Labour and FUNCEX a - 2015 English version of “Indústria em Números, Abril 2018”. Monthly publication of the National Confederation of Industry - CNI Research and Competitiveness Unit - GPC Economic Policy Unit - PEC www.cni.org.br
1. Industry performance (short-term indicators) Main industrial indicators Feb18/Jan18 (%) seasonally adjusted
Feb18/Feb17 (%)
Accumulated rate in the last 12 months; until February (%)
Physical Production₁
0.2
2.8
2.9
Real Sales₂
0.5
6.5
2.4
Employment₂
0.1
0.5
-1.9
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
Feb/18
Jan/18
Feb/17
78.0%
78.1%
76.6%
42.8
42.5
37.7
49.7
49.2
50.1
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 Mar/18
Value Feb/18
Accumulated value in the last 12 months; until March
7,151
7,852
83,684
11,672
10,603
131,745
-4,521
-2,751
-48,061
Business Confidence Index 70.0 65.0 60.0
59.0
56.3
(Mar/18)
(Aug/11)
54.0
(Mar/17)
55.0 50.0 45.0 40.0 35.0
30.0 Aug-11 Feb-12 Aug-12 Feb-13 Aug-13 Feb-14 Aug-14 Feb-15 Aug-15 Feb-16 Aug-16 Feb-17 Aug-17 Feb-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 4.0 2.9
3.0 1.8
2.0
0.8
0.7
1.0
1.2
1.1
0.9 0.5
0.6
0.2
0.0
0.0 -0.5
-1.0 -2.0
0.7
0.5
-1.5 -2.2
-2.3
-3.0 Oct-16
Dec-16
Feb-17
Apr-17
Jun-17
Aug-17
Source: IBGE Note: General industry (Includes Mining and quarrying and Manufacturing)
Oct-17
Dec-17
Feb-18
Sectoral physical production - Monthly variation - Manufacturing February compared to January (%) - seasonally adjusted Cleaning and perfumes preparations
4.4
Leather and footwear
4.1
Other transport equipment
3.9
Metal products
3.1
Electrical equipment
2.6
Wood products
2.5
Computers, electronics and opticals products
2.1
Beverages
1.8
Furniture
1.8
Rubber and plastics products
1.4
Motor vehicles, trailers and semi-trailers
0.9
Pulp and Paper 0.1 -0.1 MANUFACTURING -0.2 Non-metallic mineral products -0.8 -1.3
Coke, refined petroleum products and biofuel
-1.5
Basic metals
-1.7
Wearing apparel
-2.7 -4.4 -5.3 -8.1 -14.8 Source: IBGE
Food
Machinery and equipment Textiles Tobacco Pharmaceutical chemicals and pharmaceuticals Printing and reproduction
Industrial prices and costs - Quarterly variation Growth rate compared to the immediate previous quarter - seasonally adjusted (%) 4.3 3.8 2.7 2.2 1.6
1.5 1.1
1.0 0.5
-0.2
0.5
0.5
0.4
0.2
-0.1 -0.8
-0.8 -1.4 IV
I
II
2015
III
IV
I
II
2016
IV
2017
Costs Costs₁
Source: CNI and FGV Note: Manufacturing
III
Prices 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-IV
2017-II
2017-III
2017-IV
GDP
0.6
0.2
0.1
1.0
Industry
-0.7
1.0
0.5
0.0
Manufacturing
0.3
1.7
1.5
1.7
Mining and quarrying
-0.2
-0.2
-1.2
4.3
SIUP₁
-1.6
0.1
0.3
0.9
Construction
-1.9
0.2
0.0
-5.0
Agriculture
-2.7
-2.0
0.0
13.0
Services
0.8
0.6
0.2
0.3
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
2007
2017
2006
2016
2006
2016
INDUSTRY
27.1
21.5
24.2
21.2
24.6
21.0
Mining and quarrying
3.0
1.8
0.5
0.5
1.2
1.1
Manufacturing
16.6
11.8
18.8
15.5
18.5
14.9
SIUP1
3.0
2.7
1.0
0.9
1.9
1.6
Construction
4.6
5.2
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 - 1947-2017 (%) 50 45 40 35
27.1
30
(2007)
21.5
25
(2017)
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 - 1974-2017 (%) 65 60
52.3
(2007)
55 50
Trade balance (in USD billion)
45 40
2007 -9.2
35
2017 -47.7
36.9
30
(2017)
25 2016
2014
2012
2010
2008
2006
2004
2002
2000
1998
1996
1994
1992
1988
1990
1986
1984
1982
1980
1978
1976
1974
20
Source: Funcex
2.2 Labor productivity Evolution of labor productivity - Manufacturing - 1992-2017 (output/hours worked) - (Index, 2010 = 100) 120
107.7 (2017)
99.4
110
(2007)
100 90
Average annual growth Last decade
80
2007-2017 0.8% 2007-2012 -0.2% 2012-2017 1.8%
70 60 50
Source: CNI
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
40
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
23.8
24.8
32.2
26.6
Brazil
27.7
21.2
24.2
21.2
54.4
39.9
China
47.6
39.8
22.5
23.9
92.4
93.7
South Korea
36.9
38.6
26.3
24.9
89.5
90.1
United States
22.3
20.0a
20.3
17.2
79.2
63.4
India
34.4
28.8
19.8
24.3
66.3
73.1
Mexico
36.4
32.7
26.0
25.2
76.0
83.0
Russian Federation
37.2
32.4
29.3
27.3
16.5
21.8
Source: The World Bank, IBGE, RAIS/Ministry of Labour and FUNCEX a - 2015 English version of “Indústria em Números, Abril 2018”. Monthly publication of the National Confederation of Industry - CNI Research and Competitiveness Unit - GPC Economic Policy Unit - PEC www.cni.org.br
