In the second quarter, the Rio Grande do Sul Regional Economic Activity Index (IBCR-RS) expanded 5.6%, canceling out the fall of the same magnitude observed in the previous quarter, when it reflected the fall in summer crops, informs the Central Bank from Brazil (BCB).
Regional economy: check data on the Rio Grande do Sul Regional Economic Activity Index
According to a recent official release by the Central Bank of Brazil (BCB), the result reflected the good performance of trade, construction and the provision of services, especially to families.
According to official information, in twelve months, the Activity Index economic Regional of Rio Grande do Sul (IBCR-RS) decreased 0.2%; among the FUs monitored, RS was the only one to show a decline in this basis of comparison.
According to official information from the Central Bank of Brazil (BCB), on the supply side, manufacturing activity maintained a slow pace, despite the expansion in eight of the thirteen segments surveyed. This result was negatively influenced by the maintenance stoppage of the company in the Triunfo petrochemical complex.
According to seasonally adjusted data from the Federation of Industries of the State of Rio Grande do Sul (Fiergs), real revenue declined for the second consecutive quarter, however, the Installed Capacity Utilization Level (NUCI) indicated a utilization level similar to that of the previous quarter, 81 %.
In imports, there was a significant increase in the value of purchases of fertilizers, both due to the anticipation of purchases and the rise in the prices of these products.
employment and income
According to the Central Bank of Brazil (BCB), data from the New Caged for the formal market, they pointed to the generation of jobs in nineteen of the twenty-one sections, with emphasis on the manufacturing, construction and commerce industry.
According to the Central Bank of Brazil (BCB), disinflation in the Metropolitan Region of Porto Alegre (RMPA), in the transition from the quarter until April to the one ending in July, had an impact on deflation monitored by the reduction of taxes.
The smaller readjustment in food at home – despite the significant rise in the price of milk – also contributed to the lower quarterly index, emphasizes the official disclosure of the Central Bank of Brazil (BCB).
Agriculture and the gaucho economy scenario
The state of Rio Grande do Sul’s economy in the first half of 2022 was particularly challenging, especially due to the impacts of adverse weather conditions on the agriculture and difficulties in industrial input chains.
Prospectively, positive effects of record wheat production are estimated, including on manufacturing activity, and the alleviation of problems in the supply of industrial inputs, informs the Central Bank of Brazil (BCB).