Brazil’s industrial output rose 3.9% in 2021 after two consecutive years of contraction

2022-06-05 0 By

China News Service, Sao Paulo, February 2 (reporter Mo Chengxiong)Brazil’s industrial output grew 3.9% in 2021, the first growth after two consecutive years of contraction, according to data released by the Country’s Geographic Statistics Agency (IBGE) on Tuesday (local time).Industrial output fell 1.1% in 2019 and 4.5% in 2020.According to the data, 18 out of 26 industries surveyed in Brazil showed growth in 2021 compared to 2020.Among them, the auto industry performed strongly, with growth of 20.3%, and played an important role in the return to growth of Brazil’s overall industry that year.Machinery and equipment grew 24.1 percent and metallurgy 15.4 percent.However, the food sector fell 7.8 per cent, mainly due to a drop in sugar products.Among the four main categories of industrial goods, capital goods saw the largest increase, up 28.3 percent.Intermediate goods and consumer durables rose 3.3 percent and 1.9 percent, respectively, while semi-durables and non-durables fell 0.5 percent.The data also showed that Brazil’s industrial production rose 2.9 per cent month-on-month in December 2021, the first month-on-month increase in five months, but fell 5 per cent year-on-year.In the fourth quarter of 2021, Brazil’s industrial output fell 5.8% from a year earlier.Brazilian industrial production struggled to overcome the impact of COVID-19 in 2021, with industrial output rising for the first time after two consecutive years of recession, but the country’s manufacturing sector has yet to recover to pre-covid-19 levels in March 2020, according to Andre Macedo, Industrial Coordination Manager at Brazil’s Bureau of Geographic Statistics.In the New Year, Brazil’s industrial development will still face many difficulties such as high production costs, shortage of raw materials, and factory shutdown. It can be said that There is still a long way to go for Brazil’s industrial recovery.(after)