Brazil’s machinery sector net revenue falls 12.7% in September

In September, Brazil’s machinery and equipment sector showed signs of a slowdown. The industry’s total net revenue reached BRL 23.6 billion, marking a 12.7% decline from the previous month and an 8.8% drop year-over-year, according to data released today (30) by the Brazilian Association of Machinery and Equipment Industry (Abimaq). This downturn was driven primarily by weaker domestic sales.

Conversely, international sales rose, which Abimaq noted helped offset some of the monthly declines. Exports reached USD 1.3 billion in September, representing a 37.8% increase from August and a 12.3% gain compared to September last year. Imports totaled USD 2.6 billion, showing a slight 0.5% decrease from August but a 20.4% increase over the same period the previous year.

The sector’s apparent consumption—which includes total domestic industrial production plus imports, minus exports—fell 15% month-over-month, while it rose 0.5% compared to September of last year.

Source: Agencia Brasil

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