Brasília – The Brazilian industry registered an increase of 4.5% in real income and 0.7% in working hours in November in comparison to October. The information was made available this Friday (13) by the National Confederation of Industry (CNI).
The labor market indicators, however, continued to decline. The employment index went down 0.3% over October, while real wage and real income slid 2.1% and 1.5%, respectively, in the same period. The installed capacity rate stood at 76.6%, only 0.1 percentage point above the floor of the historical series.
To CNI, the November numbers do not point to a recovery of the industrial activity. The association pointed out that in the survey “the year-over-year comparison of the indicators continues to show significant declines”. Real revenues, for instance, declined 9.9%, and working hours slid 5.5% in November 2016 over the same month of 2015.
*Translated by Sérgio Kakitani
