Economy & Business - August 2022


BRAZIL | Figures highlight shrinking industrial sector. On 21 July, Brazil’s national statistics institute (Ibge) released new figures from its annual industrial survey which reveal how the country’s industrial sector has shrunk over the last decade. In 2020, Brazil had 303,600 industrial companies employing one or more people, of which 6,300 were in the extractive sector and 297,300 in manufacturing – but these figures were lower than a year earlier for the seventh consecutive year. From 2011-2020, 9,579 companies in the industrial sector went out of business (3.1% of the total), while 1m jobs in the sector were lost (11.6% of the total). The majority of lost industrial jobs were in the clothing and accessories sector (258,400), in shoe and leather manufacturing (138,100), and in the manufacture of metal products other than machinery (134,200). The best performing industrial sector over the 2011-2020 period was the food industry, which grew by 5.9 percentage points over the 10-year period, with more than half of this growth taking place between 2019 and 2020.

End of preview - This article contains approximately 343 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.