Instituto Brasileiro de Geografia e Estatística

In November 2025, the national industrial production showed no change (0.0%) compared to October, in the seasonally adjusted series. Compared to November 2024, there was a decrease of -1.2%. The year-to-date figure was 0.6%, and the figure for the last 12 months reached 0.7%.

In the transition from October to November 2025, two of the four broad economic categories and 15 of the 25 industrial sectors surveyed showed a decline in production. Among the activities, the main negative influence was registered by mining and quarrying industries, which fell by 2.6% in November 2025, thus eliminating part of the 3.5% increase seen in October.

It is also worth highlighting the negative contributions from the sectors of motor vehicles, trailers and bodies (-1.6%), chemicals (-1.2%), food products (-0.5%) and beverages (-2.1%).

On the other hand, among the ten activities that showed an increase in production, the sector of pharmaceuticals and chemicals (9.8%) exerted the main impact on the industry average and interrupted two consecutive months of decline in production, a period in which it accumulated a loss of 22.6%. Other relevant positive influences came from printing and reproduction of recorded media (18.3%), basic metals (1.8%), fabricated metal products (2.7%), non-metallic mineral products (3.0%) and machinery and equipment (2.0%).

Among the broad economic categories, also in comparison with the preceding month, in the seasonally adjusted series, durable consumer goods, with a decline of 2.5%, recorded the highest negative rate in November 2025 and eliminated part of the 2.8% expansion seen in the previous month.

The intermediate goods sector (-0.6%) also showed a negative result and marked the third consecutive month of decline in production, a period in which it accumulated a loss of 1.8%. On the other hand, the segments of capital goods (0.7%) and semi-durable and non-durable consumer goods (0.6%) recorded positive rates in November 2025, with the former advancing 2.1% in three consecutive months of growth; and the second accumulating a gain of 1.5% in the October-November 2025 period.

Quarterly moving average changed -0.1% in quarter ended in November

Also in the seasonally adjusted series, the evolution of the quarterly moving average index for total industry showed a negative change of 0.1% in the quarter ending in November 2025 compared to the previous month, interrupting the positive behavior observed in the months of October (0.1%), September (0.1%), and August 2025 (0.2%).

Among the broad economic categories, also regarding the movement of this index at the margin, intermediate goods (-0.6%) and durable consumer goods (-0.4%) recorded negative rates in November 2025, with the former intensifying the 0.2% loss seen in October; and the latter eliminating part of the 0.7% advance recorded in the previous month.

On the other hand, the segments of capital goods (0.7%) and semi-durable and non-durable consumer goods (0.5%) showed positive results in November 2025, with the former interrupting the downward trajectory that began in April 2025; and the latter marking the fourth consecutive month of growth, a period in which it accumulated an expansion of 1.9%.

Compared to November 2024, industrial production falls 1.2%

In comparison with the same month of the previous year, the industrial sector showed a decline of 1.2% in November 2025, with negative results in 3 of the 4 broad economic categories, 16 of the 25 branches, 51 of the 80 groups and 54.4% of the 789 products surveyed. It is worth mentioning that November 2025 (19 days) had the same number of working days as the same month of the previous year (19).

Among the activities, the main negative influences on the total industry were noted by coke, petroleum products and biofuels (-9.2%) and motor vehicles, trailers and bodies (-7.0%), largely pressured by lower production of diesel fuel, aviation kerosene, ethyl alcohol and motor gasoline in the first; and tractor-trailers, cars, trailers and semi-trailers, trucks and auto parts in the second.

It is also worth highlighting the negative contributions registered by the sectors of fabricated metal products (-6.8%), chemicals (-1.8%), wood products (-12.4%), beverages (-4.2%), electrical machinery, appliances and materials (-5.3%), leather goods, travel goods and footwear (-7.5%), computer equipment, electronic and optical products (-5.7%) and furniture (-5.8%).

On the other hand, also comparing with November 2024, among the nine activities that showed expansion in production, mining and quarrying industries (4.6%) and food products (4.0%) exerted the greatest influence on the formation of the industry average, driven mainly by the higher production of crude petroleum in the first; and of concentrated orange juice, frozen, fresh or chilled beef, chocolate bars, corn-based foods or ready-to-eat corn flakes, frozen poultry meat and offal, frozen pork and processed meat products and other pork preparations in the second. Other important positive impacts were noted by the maintenance, repair and installation of machinery and equipment (9.8%), pharmaceuticals and chemicals (5.4%), pulp, paper and paper products (3.0%) and basic metals (1.7%).

Durable consumer goods and capital goods showed the largest negative results compared to November 2024

The durable consumer goods sector, falling 6.2% in November 2025 compared to the same period of the previous year, interrupted two consecutive months of positive rates and marked the highest loss since May 2024 (-10.5%). In that month, the sector was largely pressured by lower production of cars (-5.3%) and "brown goods" (-10.3%) and "white goods" (-6.7%). The decline registered by the furniture group (-9.8%) is also noteworthy. On the other hand, the main positive impacts were seen in motorcycles (15.2%) and the group of other household appliances (1.3%).

The production of capital goods showed a reduction of 4.9% in November 2025 compared to the same period of the previous year and showed the sixth consecutive negative rate in this type of comparison. In the formation of this month's index, the segment was mainly influenced by the decline in the group of capital goods for transportation equipment (-7.5%), largely pressured by lower production of tractor-trailers, trailers, trucks, and buses. It is worth noting that the groups of capital goods for construction (-14.4%), for electricity (-5.7%), and for agricultural purposes (-3.3%) also showed negative results this month. On the other hand, the subsectors of capital goods for industrial purposes (1.0%) and mixed use (0.6%) showed positive impacts on the monthly index for November 2025.

Also in comparison with the same month of the previous year, the intermediate goods segment, registering a 1.2% drop in November 2025, marked the first negative rate since February 2025 (-0.4%). This month's result was mainly explained by declines in products associated with coke, petroleum products and biofuels (-10.4%), fabricated metal products (-8.9%), chemicals (-3.7%), motor vehicles, trailers and bodies (-1.8%), machinery and equipment (-3.4%) and food products (-0.2%), while positive pressures were registered by mining and quarrying industries (4.6%), basic metals (1.7%), pulp, paper and paper products (2.5%), non-metallic mineral products (1.8%), textiles (2.8%) and rubber and plastic products (0.7%). Also within this economic category, it is worth mentioning the results recorded by the groups of typical inputs for civil construction (-4.3%), which showed the sixth consecutive negative rate; and packaging (2.8%), which marked the third consecutive advance in this type of comparison and the most intense in this sequence.

The sector producing semi-durable and non-durable consumer goods showed a positive change of 0.1% in November 2025 compared to the same period of the previous year, interrupting seven consecutive months of negative rates in this type of comparison. The positive performance in this month was explained by the advances observed in the groups of processed foods and beverages for domestic consumption (3.7%) and non-durable goods (2.6%). On the other hand, the main negative impacts were noted in the groups of fuels (-6.9%) and semi-durable goods (-5.7%). It is also worth highlighting the negative result recorded by basic food and beverages for domestic consumption (-2.3%), mainly influenced by the decline in the production of frozen fish.

Cumulative rate in the year grows 0.6%

In the year-to-date index for January-November 2025, compared to the same period of the previous year, the industrial sector showed an advance of 0.6%, with positive results in two of the four broad economic categories, 15 of the 25 branches, 42 of the 80 groups, and 50.3% of the 789 products surveyed. Among the activities, the main positive influences on the total industry were registered by mining and quarrying industries (4.7%), food products (1.2%), and machinery and equipment (5.2%), driven mainly by the higher production of crude petroleum in the first category; Frozen, fresh, or chilled beef, bread, frozen, fresh, or chilled pork, sausages or salami products and other pork preparations, cheese, frozen poultry meat and offal, cakes, bagasse and bran from soybean oil extraction, condensed milk and fish preparations and canned fish, in the second category; and agricultural tractors, grain cleaning and sorting machines, wall-mounted, window-mounted, or portable air conditioners (including split systems), hand-held non-electric hydraulic tools, lifting or conveying equipment for goods, drilling and boring machines used in oil prospecting, machines or equipment for the agricultural and livestock sector, ingot casting molds, harvesting machines, and loader-transporters, in the third category.

Other significant positive contributions were noted in the sectors of maintenance, repair and installation of machinery and equipment (9.6%), chemicals (1.6%), basic metals (2.2%) and textiles (6.8%). On the other hand, still comparing with January-November 2024, among the nine activities that showed a reduction in production, coke, petroleum products and biofuels (-5.3%) exerted the greatest influence on the formation of the industry average, mainly pressured by the lower production of ethyl alcohol and diesel fuel.

Among the broad economic categories, the profile of results for the eleven months of 2025 showed greater dynamism for the segments of durable consumer goods (3.0%) and intermediate goods (1.7%), driven, to a large extent, by the higher production of cars (3.6%), "brown goods" (3.7%) and motorcycles (13.7%) in the first category; and crude petroleum in the second.

On the other hand, the segment of semi-durable and non-durable consumer goods, with a 2.2% decline, registered the highest drop in the cumulative index for the year, mainly pressured by the reduction in the production of ethyl alcohol. The capital goods sector (-1.0%) also showed a negative rate in the cumulative index for the period of  January-November 2025.