LatinNews Daily - 24 June 2025

*The economics institute (Ibre) of Brazilian university and think tank Fundação Getulio Vargas (FGV) has released new figures showing a 0.5% yearly increase in productivity in the first quarter of the year when considering typical hours worked per week. The Ibre’s productivity statistics measure both the typical working week and the effective hours worked per week, factoring in sick leave or other considerations that can cause fluctuations in workload. The effective productivity rate in Q1 showed no variation compared to Q1 2024. In quarterly terms, the productivity rate for a typical working week was up 1.0% and the effective productivity rate was up 1.5%. Regarding different economic sectors, workers in the agricultural sector registered a 15.0% year-on-year productivity rise over a normal working week and a 14.0% increase when considering effective hours worked. However, the industrial sector registered a 0.3% yearly drop in productivity in a typical working week and a 0.8% drop in output over effective hours worked. The services sector also saw a decline in productivity compared to Q1 last year, posting a 0.8% decrease over a normal working week and a 1.4% decrease in output over effective hours worked.

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