Industrial indicators show “worrying immobility”, says CNI

The actual turnover of the manufacturing business fell by 0.2% in February 2022, in comparison with January

Of all of the indices analyzed by the National Confederation of Industry (CNI) for the composition of the Industrial Indicators for February, solely the one associated to hours labored in manufacturing confirmed progress, as compared with January. According to the entity, the indices associated to billing and employment declined, interrupting the sequence of three consecutive highs. For the CNI, the consequence reveals “a slowdown within the sector”. The info is from Agência Brasil.

The different indices analyzed by the confederation didn’t show nice variations, which, based on the CNI technical group, represents a “worrying immobility for financial exercise”.

The actual turnover of the manufacturing business fell by 0.2% in February 2022, in comparison with January (sequence freed from seasonal results). “The retreat happens after three consecutive highs, a interval wherein gross sales had grown 5.7%. In comparability with February 2021, gross sales fell by 5%”, says the survey.

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Industrial employment remained “virtually secure”, based on the CNI, exhibiting a lower of “solely 0.1%” as compared with January. In the sum of the earlier three months, this index had grown by 0.8%. Compared to February 2021, employment elevated by 2.9%.

Hours labored in manufacturing registered progress of 1.4%, within the comparability between February and January. “The index grows once more after the slight decline within the earlier month (-0.2%) and begins to register three will increase within the final 4 months, totaling progress of three.8% within the interval”, informs the CNI.

The entity provides that the whole hours labored in manufacturing in February 2022 is 2.1% greater than that recorded in February 2021.

The common actual earnings of commercial employees fell by 0.1% between January and February 2022. In comparability with February 2021, employee earnings had, on common, a small improve of 0.7%, whereas measured inflation within the interval (12 months), based on the IBGE, it was 10.54%.

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The manufacturing business wage invoice remained secure within the interval January-February 2022. In comparability with February 2021, this index elevated by 3.5%. Installed Capacity Utilization (UCI) remained secure at 81%. In comparability with February 2021, nevertheless, it elevated by 0.4 proportion level.

In the evaluation of CNI’s Economic Analysis supervisor, Marcelo Azevedo, the “immobility” of those indicators is “worrying for financial exercise”. According to him, the efficiency of the commercial sector wants to enhance to recuperate the falls of 2021 and 2020. The outcomes, nevertheless, don’t show that this restoration trajectory was sustainable, added the economist.

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