industrial contraction
[/ɪnˈdʌstriəl kənˈtrækʃən/]
nounpl: industrial contractions
contração industrial
1. A decline in industrial output, production, or economic activity in the manufacturing sector
The country experienced a significant industrial contraction during the recession.
O país experimentou uma contração industrial significativa durante a recessão.
2. A reduction in the size, capacity, or scope of industrial operations or manufacturing industries
The industrial contraction led to widespread factory closures and job losses.
A contração industrial levou ao fechamento generalizado de fábricas e perda de empregos.
3. A period marked by decreased demand, lower production volumes, and economic downturn in the industrial sector
Economists warned of an impending industrial contraction if consumer spending continues to decline.
Economistas alertaram sobre uma contração industrial iminente se o gasto dos consumidores continuar a diminuir.
This term is frequently used in Brazilian economic discussions, particularly given Brazil's significant manufacturing sector. It gained prominence during economic crises such as the 2008 financial crisis and Brazil's recession in 2015-2017. In the U.S., this term is standard in economic policy discussions and financial news, reflecting concerns about deindustrialization in manufacturing-dependent regions.
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