Industrial production keeps shrinking
17 de junho de 2016
The rate of decline in Brazilian industry activity seen in May, however, was milder than those seen in April this year and in May 2015.
Brasília – Industry activity in Brazil continued to shrink in the month of May, albeit at a milder pace than in April of this year and in May 2015, the National Federation of Industry (CNI) reported this Friday (17) in its industrial survey Sondagem Industrial. The evolution of industry production index scored 45.5 points in May, up from 42.4 in April.
Industrial business owners’ expectations regarding demand improved from 47.8 to 51 points. The evolution of production and expected demand indicators range from zero to 100, with scores higher than 50 indicating improvement over the preceding month and improvement expectations over the next six months.
According to the CNI, export expectations have turned optimistic. The export volume expectation index went from 50.7 to 52.5 points. The business owners polled by the CNI were less pessimistic regarding employee numbers and raw material purchases. Expectations surrounding these two indicators improved, but their scores remain below the 50-point threshold.
*Translated by Gabriel Pomerancblum