Industry in Rio Grande do Sul expands volume of investments in capital goods

The industry in Rio Grande do Sul recorded a significant increase of 13.5% in investments in capital goods in the last 12 months (from March 2023 to February 2024), equivalent to an increase of R$1.6 billion in acquisitions of fixed assets , such as machinery and equipment, compared to the same previous period. The numbers were released by the State Revenue last week, in report card economic-tax sector published in RS360 magazine.

According to the survey, during the period analyzed, the industrial sector invested R$13.6 billion in the purchase of goods used in the production line. The investment rate, which compares the evolution of purchases in the period, has been growing since March last year, reaching 2.56% in February, the third highest index of the period. The biggest increases were recorded by the wood, cement and glass and electricity industries, which increased the volume of acquisitions by R$412 million and R$225 million, respectively.

Fundamental to projecting industry performance, the level of investment in capital goods signals companies’ willingness to expand production capacity. The expansion of this type of financial support can also result in the generation of jobs and income in the State.

The industry’s added value, a data that indicates the segment’s profit margin potential when calculating the gross difference between the sectors’ purchases and sales, showed an increase of 5% in the last 12 months. This is an expansion of R$9.3 billion in the period, which signals a reduction in the cost of purchasing inputs, despite the drop in financial sales volume recorded in recent months. The metalworking, agricultural and beverage sectors recorded the biggest advances in added value.

When analyzing sales by sector, the indicators reveal a 17.3% growth in sales in the rice industry – the biggest variation among the segments analyzed in the bulletin. In absolute values, sales increased by R$2.9 billion, reaching a total of R$20.2 billion in the last 12 months. The highlight was sales to other states, which registered an increase of 32% in the period.

In addition to the sector bulletin, the new edition of RS360 magazine presents a macroeconomic analysis of the slowdown in the global economy in the first months of 2024 and the country’s growth forecasts until the end of the year. The publication also features an exclusive interview with the president of the Rio Grande do Sul section of the Brazilian Bar Association (OAB/RS), Leonardo Lamachia, who analyzes the impacts of tax reform and the entity’s participation in the Council of Good Tax Practices, a collegiate body created by State Revenue to expand dialogue with taxpayers.

_{Text: Rodrigo Azevedo/Ascom Sefaz
Editing: Rodrigo Toledo França/Secom}