Summary
Brazilian industrial production grew by 0.3% in May, above the market median, which was 0.0%.
Positive highlights
Coke, petroleum products, and biofuels (7.7%), motor vehicles, trailers, and bodies (7.4%) and machinery and equipment (12.3%), extractive industries (1.2%), metal products (6.1%), other transport equipment (10.2%), metallurgy (2.1%), miscellaneous products (6.6%) and leather, travel goods and footwear (4.9%).
Negative highlights
Food products (-2.6%) and pharmaceutical and pharmaceutical products (-9.7%)
View
The positive surprise is mainly concentrated in breakdowns of capital goods and durable consumer goods, as previously mentioned. The PIM items show mixed data in May, with semi and non-durable consumer goods yielding 1.1% after the effects of the super harvest at the beginning of the year. It is known that among the economic sectors, the industry is the one that has had the most difficulty in growing in recent years, and the surveys, both from the perspective of expectations and the current situation, have shown a still difficult path for the sector this year, which should continue to have difficulties in expansion.
