industry in figures
INDUSTRY IN FIGURES January/2019
1. Industry performance (short-term indicators) Main industrial indicators Nov18/Oct18 (%) seasonally adjusted
Nov18/Nov17 (%)
Accumulated rate in the last 12 months; until November (%)
Physical Production₁
0.1
-0.9
1.8
Real Sales₂
2.1
1.8
4.4
Employment₂
0.3
-0.3
0.2
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
Nov/18
Oct/18
Nov/17
76.8%
77.1%
78.1%
43.5
45.9
43.6
50.2
50.8
49.8
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 idleness of industrial facilities; 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 Dec/18
Value Nov/18
Accumulated value in the last 12 months; until December
7,105
8,435
86,548
10,576
14,726
154,122
-3,471
-6,291
-67,574
Business Confidence Index 70
63.8
(Dec/18)
65
58.3
57.9
60
(Dec/17)
(May/12)
55 50 45 40 35 30 May-12
Nov-12
May-13
Nov-13
May-14
Nov-14
May-15
Nov-15
May-16
Nov-16
May-17
Nov-17
May-18
Nov-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 15.0
12.8
10.0
5.0
2.8 1.0
0.5
0.2
0.6
0.9
0.0
0.0
0.1
-0.1
-0.1
-0.2
-2.2
-0.8
-0.1 -1.7
-5.0
-10.0 -11.0 -15.0 Jul-17
Sep-17
Nov-17
Jan-18
Mar-18
May-18
Source: IBGE Note: General industry (Includes Mining and quarrying and Manufacturing)
Jul-18
Sep-18
Nov-18
Sectoral physical production - Monthly variation - Manufacturing November compared to October (%) - seasonally adjusted Pharmaceutical chemicals and pharmaceuticals
7.1
Food
5.9
Cleaning and perfumes preparations
2.8
Furniture
1.5
Metal Products
1.1
Tabacco
0.8
Leather and footwear
0.6
Coke, refined petroleum products and biofuel
0.5
Wearing apparel
0.2
Basic metals 0.2 MANUFACTURING 0.0
-0.9
Beverages
-1.1
Pulp and Paper
-1.1
Rubber and plastics products
-1.3
Non-metallic mineral products
-1.8
Wood products
-1.8
Electrical equipment
-1.9
Computers, electronics and opticals products
-2.3 -3.1
Other transport equipment
-3.2
Machinery and equipment
-4.2 -7.9 Source: IBGE
Textiles
Motor vehicles, trailers and semi-trailers Printing and reproduction
Industrial prices and costs - Quarterly variation Growth rate compared to the immediate previous quarter - seasonally adjusted (%) 3.8 3.8 2.7
0.5
0.5
4.2
2.5 1.6
1.5 1.0
3.8
1.0
0.3
0.1
0.0
-0.3
-0.8
-0.8 III
IV
I
II
2016
Costs
III 2017
IV
I
II
III
2018
Prices
Source: CNI and FGV Note: Manufacturing
GDP and its components Components
Growth rate compared to the immediate previous quarter - seasonally adjusted (%)
Growth rate on the last 4 quarters, until 2018-III
2018-I
2018-II
2018-III
GDP
0.2
0.2
0.8
1.4
Industry
-0.3
-0.3
0.4
1.3
Manufacturing
-0.3
-0.7
0.8
3.1
Mining and quarrying
0.2
0.5
0.7
0.0
SIUP₁
2.3
-0.6
-1.1
1.1
Construction
-2.9
-0.4
0.7
-2.5
Agriculture
1.8
0.5
0.7
0.4
Services
0.2
0.3
0.5
1.5
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
2007
2017
2007
2017
INDUSTRY
27.1
21.3
23.8
20.3
24.3
19.9
Mining and quarrying
3.0
1.7
0.5
0.5
1.2
1.0
Manufacturing
16.6
12.2
17.8
14.6
17.7
14.0
SIUP1
3.0
2.6
1.0
1.0
1.9
1.6
Construction
4.6
4.8
4.5
4.2
3.5
3.3
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)
21.3
25
(2017)
Source: IBGE
2017
2015
2013
2011
2007
2009
2005
2003
2001
1997
1999
1995
1993
1991
1987
1989
1985
1983
1981
1977
1979
1975
1973
1971
1967
1969
1965
1963
1961
1957
1959
1955
1953
1951
1947
1949
20
Evolution of manufactured products share in Brazilian exports - 1974-2018 (%) 65 60 55
46.8
50
(2008)
Trade balance (in USD billion)
45 40
2008 -39.8
35
2018 -67.6
36.1
(2018)
30 25
2018
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 - 1992-2017 (output/hours worked) - (Index, 2010 = 100) 120
107.7
110
(2017)
99.4
(2007)
100 90
Average annual growth Last decade
80
2007-2017 0.8% 2007-2012 -0.1% 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
2.3 Sectoral dynamic Share in manufacturing’s value of industrial transformation: five main sectors 2006
2016
Other sectors 41%
Food and beverages 17%
Coke, refined petroleum products and biofuel 13%
Other sectors 40%
Chemicals 12%
Chemicals 11% Basic metals 8%
Source: IBGE
Food and beverages 25%
Basic metals 5%
Motor vehicle trailers and semi-trailers 9%
Motor vehicle trailers and semi-trailers 6%
Coke, refined petroleum products and biofuel 11%
2.4 International Comparison - Brazil and selected countries Industry’s share (%) Countries
GDP
Employment
Exports
2007
2017
2007
2017
2007
2017
Argentina
27.4
21.7
24.3
23.3
31.3
28.8
Brazil
27.1
21.3
23.8
20.3
52.3
36.9
China
46.9
40.5
30.0
26.6
93.1
93.8a
South Korea
33.4
35.9
25.9
24.8
89.2
89.5
United States
21.5
18.9a
21.0
18.9
77.6
61.8
India
31.7
26.2
20.6
23.8
64.2
71.0
Mexico
33.8
29.9
26.0
25.8
72.1
82.1
Russian Federation
31.2
30.0
29.2
26.9
17.0
22.3
Source: The World Bank, IBGE, RAIS/Ministry of Labour and FUNCEX a - 2016 English version of “Indústria em Números, Janeiro 2019”. Monthly publication of the National Confederation of Industry - CNI Research and Competitiveness Unit - GPC Economic Policy Unit - PEC www.cni.com.br
1. Industry performance (short-term indicators) Main industrial indicators Nov18/Oct18 (%) seasonally adjusted
Nov18/Nov17 (%)
Accumulated rate in the last 12 months; until November (%)
Physical Production₁
0.1
-0.9
1.8
Real Sales₂
2.1
1.8
4.4
Employment₂
0.3
-0.3
0.2
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
Nov/18
Oct/18
Nov/17
76.8%
77.1%
78.1%
43.5
45.9
43.6
50.2
50.8
49.8
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 idleness of industrial facilities; 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 Dec/18
Value Nov/18
Accumulated value in the last 12 months; until December
7,105
8,435
86,548
10,576
14,726
154,122
-3,471
-6,291
-67,574
Business Confidence Index 70
63.8
(Dec/18)
65
58.3
57.9
60
(Dec/17)
(May/12)
55 50 45 40 35 30 May-12
Nov-12
May-13
Nov-13
May-14
Nov-14
May-15
Nov-15
May-16
Nov-16
May-17
Nov-17
May-18
Nov-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 15.0
12.8
10.0
5.0
2.8 1.0
0.5
0.2
0.6
0.9
0.0
0.0
0.1
-0.1
-0.1
-0.2
-2.2
-0.8
-0.1 -1.7
-5.0
-10.0 -11.0 -15.0 Jul-17
Sep-17
Nov-17
Jan-18
Mar-18
May-18
Source: IBGE Note: General industry (Includes Mining and quarrying and Manufacturing)
Jul-18
Sep-18
Nov-18
Sectoral physical production - Monthly variation - Manufacturing November compared to October (%) - seasonally adjusted Pharmaceutical chemicals and pharmaceuticals
7.1
Food
5.9
Cleaning and perfumes preparations
2.8
Furniture
1.5
Metal Products
1.1
Tabacco
0.8
Leather and footwear
0.6
Coke, refined petroleum products and biofuel
0.5
Wearing apparel
0.2
Basic metals 0.2 MANUFACTURING 0.0
-0.9
Beverages
-1.1
Pulp and Paper
-1.1
Rubber and plastics products
-1.3
Non-metallic mineral products
-1.8
Wood products
-1.8
Electrical equipment
-1.9
Computers, electronics and opticals products
-2.3 -3.1
Other transport equipment
-3.2
Machinery and equipment
-4.2 -7.9 Source: IBGE
Textiles
Motor vehicles, trailers and semi-trailers Printing and reproduction
Industrial prices and costs - Quarterly variation Growth rate compared to the immediate previous quarter - seasonally adjusted (%) 3.8 3.8 2.7
0.5
0.5
4.2
2.5 1.6
1.5 1.0
3.8
1.0
0.3
0.1
0.0
-0.3
-0.8
-0.8 III
IV
I
II
2016
Costs
III 2017
IV
I
II
III
2018
Prices
Source: CNI and FGV Note: Manufacturing
GDP and its components Components
Growth rate compared to the immediate previous quarter - seasonally adjusted (%)
Growth rate on the last 4 quarters, until 2018-III
2018-I
2018-II
2018-III
GDP
0.2
0.2
0.8
1.4
Industry
-0.3
-0.3
0.4
1.3
Manufacturing
-0.3
-0.7
0.8
3.1
Mining and quarrying
0.2
0.5
0.7
0.0
SIUP₁
2.3
-0.6
-1.1
1.1
Construction
-2.9
-0.4
0.7
-2.5
Agriculture
1.8
0.5
0.7
0.4
Services
0.2
0.3
0.5
1.5
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
2007
2017
2007
2017
INDUSTRY
27.1
21.3
23.8
20.3
24.3
19.9
Mining and quarrying
3.0
1.7
0.5
0.5
1.2
1.0
Manufacturing
16.6
12.2
17.8
14.6
17.7
14.0
SIUP1
3.0
2.6
1.0
1.0
1.9
1.6
Construction
4.6
4.8
4.5
4.2
3.5
3.3
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)
21.3
25
(2017)
Source: IBGE
2017
2015
2013
2011
2007
2009
2005
2003
2001
1997
1999
1995
1993
1991
1987
1989
1985
1983
1981
1977
1979
1975
1973
1971
1967
1969
1965
1963
1961
1957
1959
1955
1953
1951
1947
1949
20
Evolution of manufactured products share in Brazilian exports - 1974-2018 (%) 65 60 55
46.8
50
(2008)
Trade balance (in USD billion)
45 40
2008 -39.8
35
2018 -67.6
36.1
(2018)
30 25
2018
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 - 1992-2017 (output/hours worked) - (Index, 2010 = 100) 120
107.7
110
(2017)
99.4
(2007)
100 90
Average annual growth Last decade
80
2007-2017 0.8% 2007-2012 -0.1% 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
2.3 Sectoral dynamic Share in manufacturing’s value of industrial transformation: five main sectors 2006
2016
Other sectors 41%
Food and beverages 17%
Coke, refined petroleum products and biofuel 13%
Other sectors 40%
Chemicals 12%
Chemicals 11% Basic metals 8%
Source: IBGE
Food and beverages 25%
Basic metals 5%
Motor vehicle trailers and semi-trailers 9%
Motor vehicle trailers and semi-trailers 6%
Coke, refined petroleum products and biofuel 11%
2.4 International Comparison - Brazil and selected countries Industry’s share (%) Countries
GDP
Employment
Exports
2007
2017
2007
2017
2007
2017
Argentina
27.4
21.7
24.3
23.3
31.3
28.8
Brazil
27.1
21.3
23.8
20.3
52.3
36.9
China
46.9
40.5
30.0
26.6
93.1
93.8a
South Korea
33.4
35.9
25.9
24.8
89.2
89.5
United States
21.5
18.9a
21.0
18.9
77.6
61.8
India
31.7
26.2
20.6
23.8
64.2
71.0
Mexico
33.8
29.9
26.0
25.8
72.1
82.1
Russian Federation
31.2
30.0
29.2
26.9
17.0
22.3
Source: The World Bank, IBGE, RAIS/Ministry of Labour and FUNCEX a - 2016 English version of “Indústria em Números, Janeiro 2019”. Monthly publication of the National Confederation of Industry - CNI Research and Competitiveness Unit - GPC Economic Policy Unit - PEC www.cni.com.br
