Productivity in Brazilian manufacturing
The quarterly publication Productivity in Brazilian manufacturing aims to track the evolution of Brazil’s industry competitiveness compared to its main trading partners, focusing on the labor productivity indicator, which is a determinant indicator of competitiveness. It presents the indicator of labor productivity in Brazilian manufacturing industry and, once a year, the effective relative labor productivity indicator, including the labor productivity of Brazil’s main trading partners.
Manufacturing Industry Productivity Falls by 0.8% in 2024
The labor productivity of the manufacturing industry dropped by 0.8% in 2024 compared to 2023. This marks the fifth consecutive year of decline for the indicator, which has accumulated a drop of 9% compared to 2019. In 2024, the loss in productivity was due to a higher increase in hours worked (4.5%) compared to the production volume (3.7%). This result differs from those observed in 2022 and 2023. In 2022, there was a drop in production (-0.4%), accompained by an increase in hours worked (2.5%). In 2023, there was a sharper drop in production (-1.1%) than in hours worked (-0.8%).
May 25, 2025
