Brasília – The Brazilian processing industry saw its main indicators drop to the lowest levels for an October since 2013, as per a National Confederation of Industry survey released this Tuesday (1st). Real revenues scored 111.4 points, down 4% from September. The score had been 129.2 points in October 2014 and 128.3 points in October 2013.
The employment and hours worked indices were down 0.9% and 0.7% in October from September, to 102.8 and 90.5 points. Both numbers declined for the ninth month straight, and both are the poorest results in two years for an October. Real total wages paid were down 1% in October from September, to 117.9 points. It was also the worst result since October 2013. CNI said “shrinkage in jobs and wages is a result of a sharp decline in industrial activity.” The numbers are seasonally adjusted.
*Translated by Gabriel Pomerancblum
