Brazilian Industry Faces Challenges Amid Fluctuating Domestic Demand

Written by Corporativo

Published on 20/10/2023 at 17:09

Foto: observatorio3setor.org.b

Be the first to react!

Recent CNI Survey Reveals Industrial Concerns and Improvement in Credit Access in the 3rd Quarter of 2023.

The Brazilian industrial landscape in the third quarter of 2023 reveals persistent challenges. According to the recent Industrial Survey by the National Confederation of Industry (CNI), many industrial entrepreneurs continue to signal insufficient domestic demand (33.9%), high tax burden (32.6%), and high-interest rates (25.3%) as the main obstacles to production.

Variations and Trends: Keeping an Eye on the Industrial Market

Despite these factors being traditionally highlighted as impactful, this quarter showed a decline of up to 6 percentage points compared to the previous quarter. On the other hand, there was an increase in the percentage of other challenges, such as unfair competition and issues related to the high cost or lack of qualified labor.

ARTICLE CONTINUES BELOW

See also

Marcelo Azevedo, Economic Analysis Manager, contextualizes: “Entrepreneurs were asked to identify up to three main challenges, and these two emerged strongly as the fourth and fifth options.”

The monitoring of inventory also brought interesting insights. The indicator for inventory evolution of general industry products rose, reaching 50.8 points, an increase of 0.3 points from August to September. This increase indicates that inventory levels are diverging from what was planned, leading many entrepreneurs to curb production and postpone new hires.

Inequalities in Hiring and Access to Credit

When it comes to jobs, the employment evolution index in the industry remained at 49.3 points in September 2023. This number, while below ideal, is in line with the historical average for September. However, large companies showed a more robust performance compared to small and medium-sized enterprises.

In the financial sector, the credit access indicator rose by 0.4 points this quarter, reaching 41.2 points. The good news is that this trend indicates a reduction in the perception of difficulty in accessing credit. However, this improvement was particularly noted in medium-sized companies, while small and large firms experienced a slight contraction.

Future Projections: What to Expect from the Industry?

Despite the variations in the Industrial Survey indicators, entrepreneurs remain generally optimistic for October. However, they exhibit greater caution regarding future demand and the acquisition of raw materials.

With this scenario, the Brazilian industry continues to seek adaptations, moderate optimism, and smart strategies to tackle the challenges and opportunities of the coming months.

Source: Journalism – CNI.

Brazilian Industry Faces Challenges Amid Fluctuating Domestic Demand

Recent CNI Survey Reveals Industrial Concerns and Improvement in Credit Access in the 3rd Quarter of 2023.

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

Without wheels, iron, or machines, teams of up to 32 men would have dragged 2.3-ton blocks over wet sand up a ramp embedded in the pyramid itself, raising the structure in 20 to 27 years, according to a new computer model that reignites a millennia-old debate.

Why are people parking hundreds of telescopes worth more than $10,000 in the middle of nowhere?

New Xiaomi device heats water in 3 seconds, automatically makes ice cubes, and also allows temperature adjustment via smartphone between 40°C and 90°C.

American donated US$ 5,000 to a Chinese farmer to plant trees in the desert, and decades later the money turned into a forest with more than 50,000 trees.

The United States purchased for $125 million a ship that Shell used for drilling oil in the Arctic, spent another $25 million refurbishing it, and renamed it Storis because the largest economy on the planet can no longer build an icebreaker on its own.

Carnivorous dinosaur in China left footprints at just 1 km/h and surprised researchers in the field with more than 5,000 tracks preserved for over 100 million years.

Brazilian Industry Faces Challenges Amid Fluctuating Domestic Demand

Recent CNI Survey Reveals Industrial Concerns and Improvement in Credit Access in the 3rd Quarter of 2023.

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

Without wheels, iron, or machines, teams of up to 32 men would have dragged 2.3-ton blocks over wet sand up a ramp embedded in the pyramid itself, raising the structure in 20 to 27 years, according to a new computer model that reignites a millennia-old debate.

China raises an alert in the military industry by producing parts for the J-20 fighter jet in a nearly human-free factory, where AI, robots, and autonomous vehicles cut more than 80% of manual labor and double efficiency.

While stadiums in Brazil need hours to cover the field, Tottenham in London transforms a 9,000-ton natural grass field into an NFL arena in just 25 minutes with unprecedented technology.

How does Brazil manage to deliver 13 gas cylinders per second?

While school construction still relies on months of traditional masonry, in Qatar two 50-meter 3D printers will build entire schools in concrete with machines the size of a construction site.

While many footbridges only serve to cross avenues, in Tehran a 270-meter bridge transforms into a suspended square with three levels, connects two parks, and even passes over a busy highway.

Why are people parking hundreds of telescopes worth more than $10,000 in the middle of nowhere?

New Xiaomi device heats water in 3 seconds, automatically makes ice cubes, and also allows temperature adjustment via smartphone between 40°C and 90°C.

American donated US$ 5,000 to a Chinese farmer to plant trees in the desert, and decades later the money turned into a forest with more than 50,000 trees.

The United States purchased for $125 million a ship that Shell used for drilling oil in the Arctic, spent another $25 million refurbishing it, and renamed it Storis because the largest economy on the planet can no longer build an icebreaker on its own.

Carnivorous dinosaur in China left footprints at just 1 km/h and surprised researchers in the field with more than 5,000 tracks preserved for over 100 million years.