Productivity in Brazilian manufacturing

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%).