Almost daily, news about economic indicators and the main sectors of the Acre economy are released by the Acre Business Forum for Innovation and Development. The main channels of dissemination of the Forum are social networks, both by address (https://www.instagram.com/observatoriodoacre/?hl=pt-br), as well as by the address: (https://www.instagram.com/forumempresarial.ac/?hl=pt-br). More complete data, which include historical series of the main economic, social and environmental indicators, can also be accessed through your Observatory website: http://observatoriodoacre.org.br/. Our objective today is to inform joint aspects of the Acre economy, using as sources the data worked by the observatory during the month of August, which, in turn, uses various official sources (IBGE, CAGED, SIXCOMERC, etc.), as a base of your news and newsletters.
Foreign Trade: Exports from Acre exceed US$ 41 million from January to July and reach a new record
According to data published by the Ministry of Industry, Foreign Trade and Services, in July 2022, Acre exported US$ 3.67 million and imported US$ 64 thousand, resulting in a trade balance of US$ 3.60 million. With the result for the month, in the year (January to June), Acre surpassed the balance for 2021, which was US$ 38.83 million, that is, it was almost US$ 11 million, which represents a new record for the its foreign trade for the period.
In the year (January to July) Madeira and Chestnut represent 48.8% of all that was exported, followed by Soy and Corn (37.1%), and by products of animal origin (Cattle and Pork) with 9.9%. In the first 7 months of the year, the biggest destination was Peru, with 17.0%, followed by the Netherlands with 12.5%.
Inflation: IPCA drops 0.92% in July
In Rio Branco, the Extended National Consumer Price Index (IPCA) for July, calculated by the IBGE, was -0.92%, compared to 0.81% in June. It was the lowest rate recorded since the beginning of the historical series, which started in January 2020. In the year, the IPCA accumulates a high of 4.20% and, in the last 12 months, of 9.61%, below the 11.36% observed in the immediately preceding 12 months. In July 2021, the variation had been 0.66%.
Trade: In June, retail sales fell 1.7%. The June result is -8.7% below the pre-pandemic level (February 2020).
According to the IBGE, in Acre, in June 2022, the volume of retail sales fell by 1.7%, compared to May, in the seasonally adjusted series. In the previous month, there was a variation of -2.0%. In the series without seasonal adjustment, retail changed -3.6% compared to June 2021. The accumulated in the year reached 2.4% and the accumulated in the last 12 months, -1.6%. In the expanded retail trade, which includes vehicles, motorcycles, parts and pieces and construction material, the volume of sales fell by 2.1%. The accumulated in the year was -0.39% and the accumulated in 12 months, -3.7%.
Services: The volume of services fell 7.9% in June and the sector is 4.5% below the level of February 2020 (pre-pandemic)
In June 2022, the volume of services in Acre fell by 7.9% compared to May, in the seasonally adjusted series, thus accumulating a loss of 4.6% in the last four months of this year. As a result, the service sector is 4.5% below the level of February 2020 (pre-pandemic). In the series without seasonal adjustment, compared to June 2021, the volume of services had the 2nd negative rate of the year, falling by 11.7% in June 2022.
In the indicator accumulated in the first half of this year, the volume of services increased by 3.6% compared to the same period in 2021. On the other hand, the indicator accumulated in the last 12 months, when changing from 13.9% in May to 9 .6% in June 2022, maintained the downward trend started in March 2022 (18.7%). The data are from the IBGE and were published on 08/11.
Construction: Construction prices grow 0.11% in July, lowest rate in the year
Published on 8/9 by the IBGE, the National Civil Construction Index (Sinapi) in Acre rose 0.11% in July, a variation 1.47 percentage points (pp) below the June rate, which was 1. 58%. Thus, the accumulated from January to July closed at 9.46%. The accumulated index in the last twelve months was 17.44%, a result below the 20.23% registered in the immediately previous twelve months. However, the following table shows that we have a cost to build well above those verified for Brazil and the North Region.
Crop: July estimate points to record crop of 150.2 thousand tons in 2022
The Acre crop of cereals, legumes and oilseeds should reach a record 150.2 thousand tons, according to the July estimate of the Systematic Survey of Agricultural Production (LSPA), released by the IBGE. This value is 12.2% higher (or 16.3 thousand tons) than the harvest obtained in 2021 (133.3 thousand tons) and maintained the June forecast.
Animal slaughter: Cattle slaughter declines in the 1st quarter, but pig slaughter grows
The slaughter of cattle fell by 8.6% and that of pigs rose by 7.8%, in the first quarter of 2022, compared to the same period of the previous year, according to the results of the Livestock Production Statistics, released by the IBGE. Results for the second quarter of 2022 and for the federation units will be released on September 6th.
Employment with a formal contract: From January to July, Acre already accumulates a balance of 5,366 formal jobs
Acre had a positive balance of 1,024 formal job vacancies in July 2022, after having obtained a balance of 1,187 vacancies in June. The data were released today (29/8), by the National Register of Employed and Unemployed (CAGED) of the Ministry of Labor and Social Security on the 28th of this month.
The July balance was the result of 4,881 hires minus 3,857 layoffs. The stock of formal jobs, which is the total amount of active employment contracts in the state, ended July with 92,236 employees. In 2022, a balance of 5,366 jobs was recorded, resulting from 30,584 admissions and 25,218 dismissals. In the last 12 months (June 2021 to July 2022), a balance of 8,313 jobs was recorded, resulting from 49,221 admissions and 40,908 dismissals.
Unemployment rate: Fall in the second quarter of 2022
According to the IBGE, the unemployment rate in Acre in the second quarter of 2022 was 11.9%, decreasing 2.9 percentage points (pp) compared to the first quarter of 2022 (14.8%) and falling 4.4 pp compared to to the same quarter of 2021 (16.3%). The last rate in Acre was below the second quarter of 2022, which took place in the fourth quarter of 2016 (11.8%). Therefore, the result for the quarter is the best in the last 5 years.
In conclusion, the August data show important movements in the recovery of jobs, both in the formal and informal sectors, and most importantly, with a drop in inflation. The numbers seem to indicate that we are coming out of the crisis caused by the pandemic, which started in February 2020. However, some sectors such as trade, services and cattle slaughter continue in the arduous attempt to recover from the effects of the crisis. Let’s wait for the September numbers.
Orlando Sabino writes on Thursdays at ac24horas