According to data presented by the Industrial Monthly Survey of Physical Production (PIM-PF), Brazilian industrial production recorded a decline of 0.5% in April 2024, compared to the previous month.
According to data presented by Monthly Industrial Survey of Physical Production (PIM-PF), Brazilian industrial production recorded a decline of 0.5% in April 2024, compared to the previous month. This decline was observed in only five of the fifteen areas examined, with a negative peak for Pará (-11.2%) and Bahia (-5.4%). Pará, in particular, reversed the 4.7% growth recorded in the previous month, while Bahia interrupted a sequence of three consecutive months of growth, accumulating a 4.0% gain in this period. Goiás (-0.9%), Minas Gerais (-0.5%) and the Northeast Region (-0.1%) completed the set of locations with negative performance.
As reported in the publication, a positive change of 0.2% in the general industry quarterly moving average index was observed in the quarter ending April 2024, compared to the previous month. In regional terms, seven of the fifteen places examined showed progress, with particular attention to Pernambuco (4.3%), Rio Grande do Sul (2.9%), Mato Grosso (1.1%) and Ceará (1.0 %). However, Pará (-3.0%), Goiás (-1.5%), Bahia (-1.3%) and Amazonas (-1.0%) showed significant declines over the same period.
In the annual comparison, as published in the report, April 2024 highlighted industrial production growth of 8.4%, with sixteen of the eighteen locations analyzed recording positive results. This increase was driven by the higher number of working days in April 2024 (22 days) compared to the same month last year (18 days). Positive highlights include Rio Grande do Norte (25.6%), Santa Catarina (16.0%), Pernambuco (13.2%) and Goiás (12.7%). The document informs that the performance of these locations was mainly driven by the food, apparel and petroleum derivatives sectors.
The report points to data accumulated from January to April 2024, which indicates a 3.5% expansion in industrial production, with growth in seventeen of the eighteen locations examined. Rio Grande do Norte (24.4%) and Goiás (11.3%) recorded the greatest progress, followed by Ceará (7.6%), Mato Grosso (6.8%) and other states. In contrast, Pará recorded a decline of 1.7%, under pressure from the decline in activity in the extractive industry.
José Antônio Valente, director of the company equipment rental Trans Obra, said the cumulative expansion of 3.5% from January to April 2024 in virtually all states surveyed is also an indicator of economic recovery. José Antônio went on to say that places like Rio Grande do Norte and Goiás, with the most progress, suggest a robust market for equipment rental, given the increase in activity in specific sectors such as food and biofuels. “Leasing companies should focus on these states to maximize the utilization of their equipment, adapting their marketing and logistics strategies to take advantage of the opportunities. The PIM-PF data highlights the importance of an adaptive, regionalized approach to leasing of construction machinery, in order to maximize efficiency and satisfy market needs”.
The annualized rate, which considers the last twelve months up to April 2024, recorded an increase of 1.5%, continuing the growth trend observed in previous months. Of the eighteen locations examined, twelve showed positive rates, with Maranhão, Santa Catarina and Pernambuco showing the greatest gains between March and April 2024. However, Pará, going from 6.4% to 5.0%, recorded the loss greater in the period.
When questioned on the topic, José Antônio stated that, as a specialist in equipment rental in Itapema, Santa Catarina, I note that the data presented by the Industrial Monthly Survey of Physical Production (PIM-PF) reflects important trends that could influence the construction sector. The 0.5% decline in industrial production in April 2024, especially in states such as Pará and Bahia, suggests a scenario of instability that could impact demand for construction equipment rental. “The reversal of growth in Pará and the disruption of growth in Bahia highlight regional volatility, which reinforces the need for flexible inventory management and leasing strategies to meet unexpected shifts in demand.”
Website: https://www.transobra.com.br/
Source: Terra
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