Drop in productivity hits the mark of 2.8% in the first quarter as a result of the Covid-19 crisis
In the first quarter of 2020, labor productivity in the Brazilian manufacturing industry declined by 2.8% compared to the fourth quarter of 2019 in the seasonally adjusted series. This was the second sharpest drop in the indicator since the second quarter of 2018, when it decreased by 3.3% due to the truck drivers’ strike held in May 2018. The fall in labor productivity resulted from the downturn in economic activity caused by the Covid-19 pandemic. In the second quarter of 2020, labor productivity is likely to remain on a downward path, but at a slower pace of decline.
January - March 2020