Capital goods production drops 2.2% in October against September, reveals the IBGE – State of Minas

Rio – The production of the capital goods industry fell 2.2% in October against September, according to the Brazilian Institute of Geography and Statistics (IBGE) on Friday, 2. In comparison with October of 2015, the indicator shows a drop of 9.8%. The data are part of the Industrial Research Monthly – Physical Production (PIM-PF). At the end of 2016, there was a reduction of 14.4% in the production of capital goods. In 12 months, the result is the shrinkage of 17.4%.In relation to consumer goods, the survey recorded a reduction of 0.4% in the passage from September to October. In comparison with October of 2015, there was a pullback of 7.3%. In the first nine months of the year, the drop is 6.5%, whi le the rate in 12 months is a recession of 7.1%.

In the category of durable consumer goods, the month of October was a decline of 1.2% compared to September and a decline of 6.8% in relation to October of 2015. Between the semiduráveis and the non-durable, there was a decrease in production of 0.8% in October against September and indentation of 7.5% in comparison with October of last year.

For the intermediate goods, the IBGE reported that the indicator was a fall of 1.9% in October against September. In relation to October of last year, there was a reduction of 7.0%. In the first nine months of the year, there was a decline of 7.4%, while the rate in 12 months was negative 8.0%.

The index of Average Quarterly industry pointed to a decline of 1.5% in October.

Revisions

THE IBGE revised the data of industrial production for the month of August before July, -3,5% -3,7%. The result of July before June was also revised, from -0,1% to 0,0%.

There was review still in the production of capital goods. The rate for September before August went of 5.1% to down 4.3%; the result of August before July rose from -0,1% -1,0%; the July before June came out of -3,5% -2,4%; and the June before may went from 3.2% to 2.0%.

THE IBGE revised also the production of intermediate goods in September before August, that came out 1.2% to 0.9%; while the August before July went down by 3.6% to down 3.8%. In the case of durable goods consumption, the result of September before August from 1.9% to 1.7%.