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SÃO PAULO – The Brazilian industrial sector activity fell in June, under the effect of the stop truckers, points indicator calculated by IHS Markit consulting. The Purchasing Managers Index (PMI) closed the month of June at 49.8 points, taking into account seasonal adjustments. This is the first time since March 2017 that this index has fallen to the level of contraction – scores above 50 indicate growth and, below, retraction. In May, the PMI scored 50.7 points.
In June, according to Markit, the base number was "consistent with a marginal deterioration in health" in the sector. "The volume of production in the industrial sector fell in June, ending a period of uninterrupted growth of 15 months, and the rate of reduction was solid." According to interviewees, the deceleration reflects a decline in the number of new jobs and the shortage of inputs to use in the production process. "
Truckers' protests put pressure on the performance of the industry, according to IHS Markit." Companies received fewer orders, resulting in job cuts, which prevented the delivery of inputs, which hindered production .2 second highest mark in the history of the survey, forcing price inflation practically to hit a record of twenty-eight month. "
" As for the volume of production, the number of orders received decreased for the first time since February 2017, the demand would have been contained in the interruption caused by the protests of the truckers, while the external demand for Brazilian products has improved, as new export sales have grown more rapidly since last November,
Interviewees suggested, according to IHS Markit, that new work was from external customers "in line with the devaluation of zone l against the US dollar.
The scarcity of materials with property producers has led to an increase in outstanding cases, the paper notes. Growth halted a 32-month backlog reduction and was most marked over the 12-year existence of the survey.
"In fact, inventories of inputs and finished items have declined relative to the decline of some items and the strong demand for them has led suppliers to adjust their price schedules to the rise. the inputs have reached their second highest rate since the release of the data in February 2006. "
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