Brazil’s Industrial Activity Falls 15% in First Quarter

Brazzil Magazine covers

Brazilian factory workers Brazil's industrial production posted slight growth from February to March, registering growth of 0.7%. The result shows the third consecutive elevation in this comparison. With regard to the same period last year, the sector suffered a great reduction, 10%.

With the result for March, industrial activity ended the first quarter of 2009 with a reduction of 14.7% over the same period in 2008. When compared to the quarter immediately before, the rate was -7.9%. In the last two quarters, the accumulated loss for the sector was 16.7%, the highest since the second quarter of 1990 (-19.8%). Over the last 12 months, the accumulated variation is -1.9%.

According to figures disclosed this Tuesday, May 5, by the Brazilian Institute of Geography and Statistics (IBGE), the growth verified in March reached 11 of the 27 activities researched. The highlight was the vehicle industry (7.0%), followed by the pharmaceutical industry (9.0%), other chemical products (3.5%), medical and hospital and optical instruments (20.8%) and mining activities (2.4%).

On the opposite lane, the main reductions were observed in the other transport equipment sector (-15.2%), electric machinery, equipment and material (-15.3%), machinery and equipment (-3.3%) and electronic material and communications equipment (-5.5%).

With regard to March 2008, in turn, the research shows that there was retraction in 20 of the 27 fields researched. The main negative pressures came from machinery and equipment (-27.2%), vehicles (-18.5%), basic metallurgy (-29.2%) and electronic material and equipment for communications (-38.9%). The IBGE study shows that this year the month of March had two working days more than in 2008.

ABr

Tags:

You May Also Like

Brazzil Magazine covers

How Cold Heart and Zeal for Rules at Pharmacy Killed Young Brazilian Mother

Salvador, beautiful city, what happened to you? Salvador, Bahia, Brazil, December 14, 2007. Viviane ...

Brazzil Magazine covers

US, EU and Asia, All Interested in Making Microchips in Brazil

Industries from European and Asian countries, as well as the United States, are interested ...

Brazzil Magazine covers

White Chief’s Gone

A hero and a legend for Brazilians and the Indians he protected for decades, ...

Brazzil Magazine covers

Mali Edition of World Social Forum to Draw Brazil and Africa Closer

The African edition of the World Social Forum got underway Thursday, January 19, in ...

Brazzil Magazine covers

Brazilian Army Had 138 Weapons Stolen Since 2000

A total of 138 weapons have been robbed or stolen from Army quarters in ...

Brazzil Magazine covers

Autopsy Confirms: Death of Brazilian General in Haiti Was Suicide

Brazil’s Vice President and Minister of Defense, José Alencar, submitted to the United Nations ...