Monthy Survey of Industry
Industrial production stands stable in November
January 08, 2026 09h00 AM | Last Updated: January 08, 2026 03h09 PM
The industrial sector showed no change (0.0%) compared to the previous month, in the seasonally adjusted series, after showing an increase of 0.1% in October. With these results, industrial production remains 2.4% above the pre-pandemic level (February 2020), but is still 14.8% below the record level reached in May 2011.
Compared to November 2024, total industrial production again registered a decline, falling 1.2%.
In the year-to-date, the industrial sector advanced 0.6%, and in the last 12 months, growth was 0.7%, remaining in positive territory, but showing a loss of momentum compared to the results of previous months. The data are from the Monthly Survey of Industry (PIM), released today (8) by the IBGE.
Two of the four broad economic categories and 15 of the 25 industrial branches surveyed showed a decline in production in November 2025 compared to the preceding month. The main negative influence was registered by mining and quarrying industries, which declined by 2.6% in November. According to the survey manager, André Macedo, “the drop observed this month was influenced by lower production of crude petroleum, natural gas, and iron ore. It is worth noting that this contraction eliminated part of the 3.5% increase seen in October, when it interrupted two consecutive months of declining production.” The manager also highlights that this month saw a greater number of activities with negative results.
Other negative highlights came from the sectors of motor vehicles, trailers and bodies (-1.6%), chemical products (-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. 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 borad economic categories, also in comparison with October 2025, in the seasonally adjusted series, durable consumer goods, with a 2.5% decline, 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.
Compared to 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.
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%). Other negative highlights were recorded by the sectors of metal products (-6.8%), chemical products (-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, aslo in comparison 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. Other important positive impacts were noted by the sectors of 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%).
More about the survey
The PIM Brasil has been producing short-term indicators since the 1970s related to the behavior of the real output of the mining and quarrying and manufacturing industries. Starting in March 2023, the publication of the new series of monthly industrial production indices began, following reformulations to update the sample of activities, products, and informants; develop a new weighting structure for the indices based on more recent industrial statistics; update the base year of reference for the survey; and incorporate new Federation Units in the publication of regional survey results. These methodological changes are necessary and seek to incorporate the economic changes in society.
The results can be consulted on Sidra. The next release of PIM Brasil, referring to December 2025 will be on February 3rd.
