Brasília – Actual revenues posted by Brazilian industry, adjusted for the period, were up 2.7% in April from March, following a 6.4% decline in March from February. The figures were taken from a survey released this Tuesday (3rd) by the National Confederation of Industry (CNI, in the Portuguese acronym). According to CNI, revenues were the sole indicator to increase in April from March, “which confirms the slowing down of industrial activity.” April-on-April, revenues were down 4.6%.
According to the executive manager of the CNI’s Economic Policy Unit, Flávio Castelo Branco, “economic issues” such as high inflation, rising interest rates, declining exports and increasing imports, are reflected in the industry’s output rate. “The variables more closely connected with production rate, such as hours worked and use of installed capacity, mirror this low rate of productivity. The rate of industrial activity is sluggish at this time,” he said.
Hours worked in production have remained virtually stable in April, down 0.1% from March. April-on-April, hours worked were down 5.9%. The use of industrial facilities remained unchanged, averaging at 81.1%, same as in March. April-on-April, the use of industrial facilities was down 2.1 percentage points. Employment was down 0.6%. April-on-April, employment was up 0.4%.
*Translated by Gabriel Pomerancblum
