Brasília – An indicator of Apparent Consumption of Industrial Goods, issued by the Institute for Applied Economic Research (Ipea), was down 8.3% in May from April. Year-on-year in May, it slid by 6.4%. the Ipea said the result is mostly explainable by “the negative impact of the recent trucker strike on domestic production levels.”
Truckers in Brazil went on strike in late May and early June, blocking highways and preventing inputs and goods from reaching seaports and manufacturing facilities. Ipea said numbers weren’t as good as expected, but the strike had a strong impact in May. However, the indicator tends to normalize.
Consumption dropped across the board, especially in capital goods and durable consumer goods, which were respectively down 14.6% and 22.6%. The indicator was made public this Thursday (19) by the Ipea.
Translated by Gabriel Pomerancblum
