Brasília – The industry recorded a drop of 4.9% in actual revenues (inflation discounted) in November from October 2014, after going up four straight months. The information comes from the National Confederation of Industry (CNI, in the Portuguese acronym), which released this Friday (16th) its industry performance indicators survey. Revenues also dropped 4.8% in October 2014 from October 2013.
Hours worked in production and the actual wage bill increased 0.1% and 0.2%, respectively, in November over October. For CNI, “the spike on the two indicators is modest because they were already at low levels in October, and should be interpreted as stability”. In the yearly comparison, hours worked and the wage bill dropped 6.6% and 1.2%, respectively.
Industry employment dropped 0.1% in November from October and 3% in November from November 2013. Actual average worker income was down 0.1% from October, but up 1.9% from November 2013. CNI says the survey shows industry is “struggling to rebound.”
*Translated by Sérgio Kakitani & Gabriel Pomerancblum
