Industrial revenue rises 0.8% in September after two declines, CNI shows
Real industrial revenue rose 0.8% in September from August, according to CNI, recovering only part of the 2.1% July and 3.8% August declines.
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In brief
Industrial revenue rose again in September, 0.8% on the month.
The gain recovers only part of the July and August losses.
What we know
0401
Verified fact · material
Industrial revenue rose 0.8% in September from August, according to CNI.
Ends two declines.
02
Verified fact · material
The gain recovers only part of the 2.1% July and 3.8% August declines; year-to-date is flat versus 2025.
Shows partial recovery.
03
Verified fact
Capacity utilization rose from 77.1% to 77.3%.
Stable slack.
04
Verified fact
Industrial employment fell 0.3% in the month and hours worked 0.1%.
Weak factory labor.
Transmission to assets
Market read-through
The figure suggests stabilization without reversing the quarter's weakness.
Portfolio impact
01Ibovespauncertain
Industrial activity and earnings.
Limited effect.
What would change the view: Confirmation in output.
macro20% confidence
Direction is an explanatory hypothesis, not a forecast or recommendation.
Next signals
What to watch
- IBGE industrial output
- 3Q GDPGDPMacroAggregate measure of the goods and services produced by an economy.Open in the Market Map ↗
Limits of the reporting
What remains uncertain
- August appears as a 3.5% drop in a related link; the source bodies show 3.8%.