In September 2025, national industrial production varied by -0.4% compared to August, in the seasonally adjusted series. Compared to September 2024, in the unadjusted series, there was a growth of 2.0%. The accumulated figure for the year was 1.0%, and the figure for the last 12 months reached 1.5%..

Between August and September 2025, three of the four broad economic categories and 12 of the 25 industrial sectors surveyed showed a reduction in production. Among the activities, the most significant negative influences were noted in pharmaceutical and chemical products (-9.7%), mining and quarrying industries (-1.6%), and motor vehicles, trailers, and bodies (-3.5%), with the first interrupting four consecutive months of production growth, a period in which it accumulated an expansion of 28.2%; the second intensifying the 0.4% drop observed in the previous month; and the third eliminating part of the 3.7% growth accumulated in the June-August 2025 period.

It is also worth highlighting the negative contributions registered by the sectors of wearing apparel and accessories manufacturing (-2.9%), chemical products (-0.4%), miscellaneous products (-2.7%), and other transportation equipment (-1.9%).

On the other hand, among the thirteen activities that showed an increase in production, food products (1.9%) had the main impact on the industry average, thus marking the third consecutive positive result, a period in which it accumulated an expansion of 4.4%. Other relevant positive influences on the total industry came from tobacco products (19.5%), wood products (5.5%), rubber and plastic products (1.3%), electrical machinery, apparatus and materials (1.7%), maintenance, repair and installation of machinery and equipment (2.0%), leather goods, travel goods and footwear (2.3%), beverages (1.1%) and basic metals (0.5%).

Among the broad economic categories, still comparing with the preceding month, in the seasonally adjusted series, durable consumer goods (-1.4%) showed the most pronounced negative result in September 2025, interrupting three consecutive months of production growth, during which it accumulated an expansion of 1.0%. The sectors producing intermediate goods (-0.4%) and semi-durable and non-durable consumer goods (-0.1%) also showed declines this month, with the former interrupting the positive trend that began in February 2025, during which it accumulated growth of 3.6%; and the latter declining again after accumulating an expansion of 1.2% in July and August 2025. On the other hand, the capital goods segment, by advancing 0.1%, showed the only positive rate in September 2025 and interrupted two consecutive months of production decline, during which it accumulated a loss of 1.9%.

Quarterly moving average changes 0.1% in the quarter ended in September

Also in the seasonally adjusted series, the evolution of the quarterly moving average index for the total industry showed a positive change of 0.1% in the quarter ending in September 2025 compared to the previous month's level, after also advancing in August 2025 (0.2%), when it interrupted two consecutive months of decline: July (-0.2%) and June (-0.4%). Among the broad economic categories, still in relation to the movement of this index at the margin, semi-durable and non-durable consumer goods (0.4%) and intermediate goods (0.2%) showed positive rates in September 2025, with the former interrupting the predominantly downward trend that began in March 2025; and the latter maintaining the positive behavior that began in April 2025, during which it accumulated an expansion of 2.1%. On the other hand, the capital goods (-0.6%) and durable consumer goods (-0.3%) segments showed negative results this month, with the former marking its fifth consecutive decline and accumulating a 2.6% reduction during that period; and the latter falling again after advancing 0.3% in the previous month, when it interrupted two consecutive months of losses, a period in which it accumulated a 1.8% reduction.

Compared to September 2024, industrial production grows by 2.0%

Compared to the same month of the previous year, the industrial sector showed an expansion of 2.0% in September 2025, with positive results in 2 of the 4 broad economic categories, 16 of the 25 branches, 45 of the 80 groups and 53.0% of the 789 products surveyed. It is worth mentioning that September 2025 (22 days) had one more working day than the same month of the previous year (21).

Among the activities, the main positive influences on the total industry were recorded by food products (7.1%) and mining and quarrying industries (5.2%), largely driven by the increased production of concentrated orange juices, frozen poultry meat and offal, frozen, fresh or chilled beef, frozen, fresh or chilled pork, crystal and VHP sugar and processed or cured meat products and other preparations of pork, in the first; and crude petroleum oils, crude or processed iron ores and natural gas, in the second. It is also worth highlighting the positive contributions recorded by the sectors of pharmaceutical and chemical products (10.2%), pulp, paper and paper products (5.9%), maintenance, repair and installation of machinery and equipment (12.0%), printing and reproduction of recordings (26.0%), machinery and equipment (4.7%), textile products (11.8%), tobacco products (35.0%), other transportation equipment (8.6%) and rubber and plastic products (3.1%).

On the other hand, also compared to September 2024, among the nine activities that showed a reduction in production, that of coke, petroleum products and biofuels (-7.2%) had the greatest influence on the industry average, mainly pressured by the lower production of ethyl alcohol, motor gasoline and petroleum bitumen. Other important negative impacts were noted in the branches of fabricated metal products (-4.0%), motor vehicles, trailers and bodies (-1.4%) and wood products (-9.5%).

Intermediate goods and durable consumer goods showed the highest positive results compared to September 2024

The intermediate goods producing sector showed an expansion of 3.4% in September 2025 compared to the same period of the previous year, the seventh consecutive positive rate in this type of comparison and the highest since May 2025 (5.3%). This month's result was mainly explained by advances in products associated with the activities of mining and quarrying industries (5.2%), food products (7.0%), textile products (15.4%), pulp, paper and paper products (5.4%), rubber and plastic products (3.3%), coke, petroleum products and biofuels (1.3%), motor vehicles, trailers and bodies (2.3%) and chemicals (1.1%), while negative pressures were recorded by fabricated metal products (-6.5%), non-metallic mineral products (-0.6%), machinery and equipment (-0.5%), and basic metals (-0.1%). Also in this economic category, it is worth mentioning the results recorded by the groups of typical inputs for civil construction (-1.4%), which showed the fourth consecutive negative rate, but the least intense in this sequence; and packaging (0.6%), which interrupted two consecutive months of production decline in this type of comparison.

The production of durable consumer goods, growing by 3.3% in September 2025 compared to the same period of the previous year, interrupted two consecutive months of negative rates: August (-3.8%) and July 2025 (-2.9%). This month, the sector was largely driven by increased manufacturing of cars (4.4%) and "brown goods" household appliances (10.6%). It is also worth highlighting the advances recorded by motorcycles (16.0%) and the group of other household appliances (11.1%). On the other hand, the main negative impact was recorded by "white goods" household appliances (-6.2%).

Still comparing with the same month of the previous year, the capital goods segment, by declining 1.7% in September 2025, recorded the fourth consecutive negative rate. In the formation of this month's index, the segment was mainly influenced by the decline observed in the group of capital goods for transportation equipment (-9.0%), largely pressured by lower production of buses, tractor trucks for trailers and semi-trailers, trucks and trailers and semi-trailers. It is worth noting that the group of mixed-use capital goods (-8.3%) also showed a negative result this month. On the other hand, the subsectors of capital goods for agricultural purposes13.6%), for industrial purposes (3.5%), for electricity (5.4%) and for construction (0.6%) showed positive impacts on the monthly index in September 2025.

The sector producing semi-durable and non-durable consumer goods decreased by 0.8% in September 2025 compared to the same period of the previous year, the sixth consecutive negative rate in this type of comparison, but the least pronounced in this sequence. The negative performance this month was mainly explained by the decrease observed in the fuels group (-17.8%), pressured by lower production of ethyl alcohol and motor gasoline. On the other hand, the main positive impacts were recorded by the subsectors of processed food and beverages for domestic consumption (5.0%) and non-durables (5.1%), largely driven by increased production of concentrated orange juice, frozen poultry meat and offal, frozen, fresh or chilled beef, sausages and other prepared pork products, bread and cheese, in the first; and medicines, in the second. It is also worth mentioning the positive results recorded by the semi-durables (2.1%) and basic food and beverages for domestic consumption (0.5%) groups, largely influenced by advances in the production of items such as shorts, dungarees, and similar items (knitted or not), t-shirts, leather sports shoes, lamps, dresses (knitted or not), trousers, video discs (DVDs), chandeliers and light fixtures, adult wearing apparel and leather footwear, in the first; and fillets and other fresh, chilled or frozen fish meats, in the second.

Cumulative growth for the year reaches 1.0%

In the cumulative index for January-September 2025, compared to the same period of the previous year, the industrial sector showed an increase of 1.0%, with positive results in two of the four broad economic categories, 16 of the 25 branches, 43 of the 80 groups, and 51.8% of the 789 products surveyed. Among the activities, the main positive influences on the total industry were recorded by mining and quarrying industries (4.1%), machinery and equipment (6.4%), motor vehicles, trailers and bodies (3.0%), and chemical products (2.4%), driven mainly by the increased production of crude petroleum oils, natural gas and manganese and copper ores and their concentrates, in the first; wall, window or portable air conditioning units (including "split system" type), lifting or conveying equipment for goods, agricultural tractors, non-electric hand-held hydraulic tools, grain cleaning and sorting machines, machinery or equipment for the agricultural and livestock sector, casting molds, loader-transporters, harvesting machines and drilling and probing machines used in oil exploration, in the second; cars, auto parts and vehicles for the transportation of goods, in the third; and fungicides and insecticides (both for agricultural use) and herbicides for plants, in the fourth. Other relevant positive contributions were noted by the textile products (10.8%), maintenance, repair and installation of machinery and equipment (9.3%) and basic metals (2.7%).

On the other hand, also when compared to January-September 2024, among the eight activities that showed a reduction in production, the coke, petroleum products and biofuels sector (-4.2%) had the greatest influence on the industry average, mainly pressured by the lower production of ethyl alcohol.

Among the broad economic categories, the results for the first nine months of 2025 showed greater dynamism for the durable consumer goods (4.8%) and intermediate goods (2.3%) segments, largely driven by the increased production of cars (5.6%), in the first; and crude petroleum oils, in the second. On the other hand, the semi-durable and non-durable consumer goods segment, by falling 2.6%, registered the highest decrease in the accumulated index for the year, mainly pressured by the reduction observed in the production of ethyl alcohol. The capital goods producing sector (-0.2%) also showed a negative rate in the cumulative index for the January-September 2025 period.