Industry Grows 4.4% in Brazil in February

Eleven of the 14 Brazilian regions researched by the Brazilian Institute of Geography and Statistics (IBGE) presented an increase in the industrial production in February.

In the states of Amazonas, in the north of Brazil; Santa Catarina, in the south; Ceará, in the northeastern region of the country and the states of São Paulo and Minas Gerais, in the southeast, the production increase was above the national average of 4.4%.


The states that showed an increase below the Brazilian average were Pernambuco, Bahia, Paraná and Goiás. Three states showed a drop in the production: Espí­rito Santo, Rio Grande do Sul and Rio de Janeiro.


The negative value presented by Rio Grande do Sul was mainly due to the collapse of the soy crop, which hindered the purchase of agriculture machinery.


Exports to Arabs


Brazilian agribusiness exports to the Arab countries generated US$ 683.9 million in the first quarter of this year, a 5.6% increase in comparison to the same period in 2004, when shipping totalled US$ 647.7 million. The value is equivalent to over 76% of total Brazilian exports to the region.


According to information supplied today by the Ministry of Agriculture, Saudi Arabia was the main destination for Brazilian agricultural products among the countries in the region, followed by Egypt, the United Arab Emirates, Algeria, Morocco and Yemen.


In the month of March alone, there was an 11.2% reduction in exports to the Arab world, US$ 269.3 million in March 2004 to US$ 239 million in the same month this year. The main destinations were, in this order, Saudi Arabia, the United Arab Emirates, Egypt, Algeria, Morocco and Yemen.


Anba

Tags:

You May Also Like

No More Laughing All the Way for Banks in Brazil

Foreign banks now own only around 20 percent of Brazilian banks and only a ...

Brazilian Music: Minimalist Luciana

Luciana Souza has miraculously managed to elude the trap that besets so many of ...

Who’s Left?

Those in Lula’s camp insist that if elected, Gomes will break Brazil’s heart just ...

Angra 3, Brazil's third nuclear plant

Brazil Comes Back to the Nuclear Table

Brazilian President Luiz Inácio Lula da Silva has given the green light to build ...

In Brazil the Economic Climate Index Is Hot (7.8), LatAm’s Hottest

Economic Climate Index (ECI) of Latin America, developed between the German Ifo Institute from ...

Brazilian Indians Demand More Respect from Authorities

On July 27, there was a public hearing to discuss projects affecting indigenous lands. ...

Brazilian Veterans of Paris-Dakar Give the Social Lowdown on Rallies

Klever Kolberg, 45, one of the pilots in the Petrobras Lubrax rally team, has ...

Hopes of Lower Interest Help Brazilian Stocks

Latin American stocks advanced, with Brazilian shares gaining on hopes that weaker-than-expected economic growth ...

Brazil Proposes a G11. And Wants to Be Part of It

Talking to journalists in London just before meeting the members of the G7, the ...

Brazil’s Lula and Iraq

President Luiz Inácio Lula da Silva made a public statement lamenting the onset of ...