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The truckers' strike in late May affected the delivery of inputs to Brazilian industry and hampered production and the number of orders, resulting in a contraction of the sector in June for the first time in 15 months, reveals # 39; investigation. (PMI) released Monday.
IHS Markit reported that the PMI index of Brazilian industry fell to 49.8 in June from 50.7 in May, the first time below the 50 mark that separates growth contraction since March 2017. [19659003Industrialproductionincontinuedandinterruptedin15monthsof15monthsofcrosswithdecreasingnewneedsandinventurproducts
Applications received decreased for the first time since February 2017, as demand was affected by truckers' protests, blocking roads across the country at the end of May, hampering the supply of fuel, food and other inputs.
On the other hand, external demand has improved, with new export sales since November, in line with the devaluation of the real against the dollar.
However, the scarcity of certain items and the high demand for them have led suppliers to increase their prices, and therefore inflation. In addition, input costs in June reached the second highest level of the last 12 years of the PMI series.
The incremental cost burden was pbaded on to customers, and the end product price inflation rate in June was the highest. Since February 2016.
Industry leaders have again fired workers last month seeking to cut costs, ending eight consecutive months of job growth in the US. industry.
The scenario has brought back the degree of optimism According to the IHS Markit, producers still expect production growth over the next 12 months.
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