According to the Brazilian industrial association CNI, indicators of different industrial sectors in the country have shown improvement in May, after a decline was observed in April.
The index that measures hours worked in the industry has significantly grown after several months of stagnation. Real revenue also increased in May, resuming the trajectory of growth witnessed since 2021, after having declined April.
Conversely, employment rate, total wages, and real average for the workers income have seen declining indicators in May, reflecting a deceleration of the labor market growth, after a long period of expansion.
Nonetheless, such employment indicators still show an uptrend, when comparing the first five months of 2023 to the same period in 2022.
In May 2023, the utilization rate of the industrial capacity in Brazil was stable in relation to April, at 78.7 percent, although declining by 2.6 percentage points from May 2022.
