Industrial Production Falls In All 15 Locations Surveyed By IBGE For The First Time In Eight Years

Data Released by IBGE Shows Drop in Industrial Production Across Various Regions of the Country

According to data released yesterday (14) by IBGE (Brazilian Institute of Geography and Statistics), for the first time in eight years, Brazil’s industrial production fell in all 15 surveyed locations. The country’s overall decline was 9.1% in March.

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Some states suffered more than others, such as Ceará, which recorded a drop of 21.8%, followed by Rio Grande do Sul with 20.1% and Santa Catarina with 17.9%.

It is the first time since the beginning of the survey with 15 locations (2012) that there has been a decline in all surveyed areas. Not even the truck drivers’ strike in May 2018 surpassed such a scenario.

The states with the largest declines, after Ceará, Rio Grande do Sul, and Santa Catarina, were Pará (-12.8%), Amazonas (-11.0%), and the Northeast Region (-9.3%). In São Paulo, the percentage was 5.4. The state concentrates more than one-third of the national industry (34%).

Below are the states and their respective values:

Amazonas: -11%
Pará: -12.8%
Northeast Region: -9.3%
Ceará: -21.8%
Pernambuco: -7.2%
Bahia: -5%
Minas Gerais: -1.2%
Espírito Santo: -6.2%
Rio de Janeiro: -1.3%
São Paulo: -5.4
Paraná: -4.9%
Santa Catarina: -17.9%
Rio Grande do Sul: -20.1%
Mato Grosso: -4.1%
Goiás: -2.8%
Brazil Average: -9.1%

The analysts’ forecast for industrial production this year is a decline of 3%.