Industrial production changed by 0.3%

– Compared to May 2022, the unadjusted series showed a 1.9% growth in industrial production.

– The cumulative decrease in industrial production for the first five months of the year was 0.4%, and the 12-month variation was 0.0%.

– The quarterly moving average for industrial production was 0.3%.

– The industrial sector grew by 0.3% in May 2023, following a 0.6% decline in April.

– Three out of four major economic categories and 19 out of 25 industrial branches reported positive growth rates.

– The industrial sector is currently 1.5% below the pre-pandemic level (February 2020) and 18.1% below the record level reached in May 2011.

– Positive influences on industrial production came from coke, petroleum derivatives, and biofuels (7.7%), motor vehicles, trailers, and bodies (7.4%), and machinery and equipment (12.3%).

– Negative impacts on production were observed in food products (-2.6%) and pharmaceutical products (-9.7%).

– Bens de Capital (Capital Goods) category had a growth of 4.2% in May 2023 compared to April 2023, but a decline of 11.6% compared to May 2022.

– Bens Intermediários (Intermediate Goods) category had a slight growth of 0.1% in May 2023 compared to April 2023 and a growth of 3.1% compared to May 2022.

– Bens de Consumo (Consumer Goods) category showed a decline of 0.8% in May 2023 compared to April 2023, but a growth of 2.2% compared to May 2022.

– Within the Bens de Consumo category, Duráveis (Durable Goods) had significant growth of 9.8% compared to April 2023 and a growth of 11.1% compared to May 2022.

– Semiduráveis e não Duráveis (Semi-durable and Non-durable Goods) within the Bens de Consumo category showed a decline of 1.1% in May 2023 compared to April 2023, but a growth of 0.9% compared to May 2022.

More At Smart Ai Money official website. Search on google smartaimoney.com