Industry turnover falls for the third month in a row, says CNI
The real turnover of the Manufacturing Industry dropped 2% in October, compared to September, according to the Industrial Indicators, by the National Confederation of Industry (CNI), released today (1st).
This is the third consecutive monthly drop in real sales, which accumulates 8% retraction in this period. As a result, industry revenues dropped to the lowest level since June 2020, when the economy and the productive sector were still recovering from the closing of activities in the first wave of covid-19. In comparison with October 2020, sales recorded a drop of 12.8%.
Job
Employment in the manufacturing industry was stable for the second month in a row, which indicates, according to the CNI, that the recovery in hiring, which began in August 2020, has ended.
The wage bill, the sum of all wages paid to workers in the manufacturing industry, dropped 1.4% in October compared to September, after two months of small increases. As a result, the real wage bill is at the lowest level since July 2020. In comparison with October 2020, the drop reaches 2.1%
The average real income decreased by 1.2% in October, compared to September, in the seasonally adjusted series. This is the fourth retraction followed in the indicator, which registers successive retractions throughout 2021. When comparing the accumulated between January and October 2020 with the same period in 2020, the average real income of industrial workers presents a fall of 2.5%.
Use of Installed Capacity
The Installed Capacity Utilization (UCI) dropped 0.6 percentage point compared to September and retreated to 80.8%. This is the fourth consecutive retraction.
Text translated using artificial intelligence.
