Back to 2020, but with less optimism
In February 2021, the Brazilian industry is practically at the same activity level recorded in February 2020. Capacity Utilization, at 69%, is one percentage point above that recorded in February 2020 and, in the entrepreneurs’ assessment, the activity is as slow as it was a year ago. The growth pattern is also similar to that recorded in February 2020. As usual for the beginning of the year, production dropped, but employment continues a slight growth trend, reflecting a recovery scenario.