According to data released in the Productivity in Industry report, the manufacturing industry segment recorded a 1.3% decline in the first quarter of 2024 compared to the previous quarter.
According to the data released in the report called Productivity in industrythe manufacturing industry segment recorded a 1.3% decline in the first quarter of 2024 compared to the previous quarter. The index, which measures the volume of production divided by hours worked, was affected by a 1.0% increase in production, while hours worked increased in the period by 2.3%. These results, adjusted for seasonal effects, indicate a break in the upward trajectory previously observed.
As reported in the publication, the decline in productivity occurred despite the growth in production, indicating that the increase in hours worked was greater than the expansion in the volume produced. This dynamic reflects a moment of adjustment in the sector, in which new jobs were created, requiring time for new hires to reach optimal levels of productivity. Considering productivity per number of workers, the indicator remained practically stable, with a slight change of -0.1%, suggesting that the greatest impact was precisely on working hours.
The report highlights that, despite a decline compared to the previous quarter, productivity in the first quarter of 2024 still shows a growth of 0.5% compared to the same period of the previous year. Comparing the result accumulated over 12 months, it is observed that the index has interrupted the downward trend observed since 2020, which could indicate a possible stabilization or even a gradual recovery in the near future, if production and working conditions improve.
The publication also notes that demand for manufactured goods has shown consistent growth over the past five months, with a cumulative increase of 5.2% in March 2024 compared to October 2023. However, the report says that much of this demand has been met by imported goods, as domestic production has grown by only 1.9% over the same period. This mismatch between demand and domestic production could be one of the factors putting pressure on labor productivity, as domestic production capacity has not kept pace with hours worked.
José Antônio Valente, director of franchising of machinery and equipment Trans Obra, said that the data presented in the report on manufacturing productivity in the first quarter of 2024 reveal not only a moment of transition, but also highlight the need for a broader strategic vision for the future of the manufacturing sector. José Antônio continued that the 1.3% decline in productivity, even in the face of a 1.0% increase in production, reflects the structural challenges that Brazilian industry faces, especially in a scenario where demand for manufactured goods is growing, but domestic production and production capacity cannot keep up with this pace. “This dynamic highlights the importance of an innovative approach to improving labor productivity in industry.”
The analysis presented in the report shows that the manufacturing labor market is overheated, which signals the possibility of a productivity recovery in the coming months. The report suggests that the adjustment of hours worked, with a reduction in the pace of growth, combined with a more robust increase in production, could lead to a more favorable scenario for the sector’s productivity.
Website: https://franquiatransobra.com.br/
Source: Terra
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