Brazilian industrial production closed the year 2022 with an accumulated drop of 0.7%, reported this Friday (3) the IBGE (Brazilian Institute of Geography and Statistics). The sector is 2.2% below the pre-pandemic level.
In the monthly comparison, the indicator was stagnant (0%) in December, compared to November. Analysts consulted by the Bloomberg agency projected null variation (0%).
According to economists, the industry failed to show a more consistent performance last year due to a combination of factors that made consumption difficult.
On the one hand, inflation remained high on products such as food. On the other hand, high interest rates created an obstacle to the purchase of more expensive industrial items that depend on the granting of credit.
There has also been a migration from consumption of industrial goods to services that were paralyzed in the initial phase of the pandemic, analysts say.
In other words, this change would have reduced the share of household budgets allocated to buying products that leave factories.
The year 2023 tends to bring new challenges for the industrial sector. Economists’ projections point to a slowdown in economic activity in Brazil and threats coming from the external scenario.
The BNDES (National Bank for Economic and Social Development) under the government of Luiz Inácio Lula da Silva (PT), on the other hand, promises that it will focus on industry. The new management of the development bank has already spoken of the need for reindustrialization of the country.
your subscription can be worth even more
Do you already know the advantages of being a Folha subscriber? In addition to having access to reports and columns, you have exclusive newsletters (find out here). You can also download our free app from the Apple Store or Google Play to receive alerts for the top news of the day. Your subscription helps us to create independent and quality journalism. Thanks!
your signature is worth a lot
More than 180 reports and analyzes published each day. A team with more than 200 columnists and bloggers. Professional journalism that supervises public authorities, conveys useful and inspiring news, counterpoints the intolerance of social networks and draws a clear line between truth and lies. How much does it cost to help produce this content?
SUBSCRIBE FOR BRL 1.90 IN THE 1ST MONTH
I have over 10 years of experience working in the news industry. I have worked for several different news organizations, including a large news website like News Bulletin 247. I am an expert in the field of economics and have written several books on the subject. I am a highly skilled writer and editor, and have a strong knowledge of social media. I am a highly respected member of the news industry, and my work has been featured in many major publications.