Consumer and Capital Goods Drive Brazil Industry Up

André Macedo, economist with the Division of Industry of the IBGE (Instituto Brasileiro de Geografia e EstatÀ­stica – Brazilian Institute of Geography and Statistics), affirms that the durable goods and capital goods sectors were the ones that made the greatest contribution last year to the growth in industrial production in Brazil.

This growth amounted to 8.1% in November, 2004, compared with November, 2003, and represented the fourth straight month of positive results.


He explains that in all the states that experienced significant growth, these sectors play an important role.


“The most outstanding performers during the period January/November, 2004, were Amazonas and São Paulo, whose industrial structures have a strong participation of the consumer durable and capital goods sectors, which drove industrial expansion during the course of 2004.”


Macedo informs that the favorable performances delivered by the communications and automobile industries, which contributed to the expansion in these states, were stimulated by improvements in credit conditions and the labor market, particularly in the production of consumer durable goods and the expansion of investments in the capital goods market.


Translation: David Silberstein
Agência Brasil

Tags:

You May Also Like

Candombé ceremony in Brazil

In Brazil You Dance to Play and You Dance to Pray

There are few countries around the world in which dance takes a center stage ...

High Inflation Doesn’t Deter Bulls in Brazil

Latin American stocks were mixed to higher, with Brazilian stocks advancing, as signs of ...

Child Labor Went Down in Brazil, But 5 Million Underage Workers Are Still Way Too Many

One hundred and eleven years after Brazil abolished slavery, the number of workers deprived ...

Book Says Brazil’s Lula Told Kirchner to Fuck Off. Ambassador Calls It Fantasy

Brazilian ambassador in Chile described as mere "fantasy" alleged statements by President Lula da ...

House façade in Santana de Parnaíba, São Paulo, Brazil

Fresh Air, History and Charm a Few Minutes from São Paulo, Brazil

If you live in São Paulo or are spending some time in the city ...

Threatened with Violence Brazil Bororos Say They’ll Leave Their Land Only Dead

Brazil's Bororo Indian people, who live in the Jarudore land, in the municipality of ...

Rabid Vampire Bats Attack More than 1,300 in Brazil. 23 Die.

Health authorities in northern Brazil are dealing with a wave of vampire bats attacks ...

After One Month Decline Brazil Economy Jumps Back on Uphill Track

Industrial production had a pronounced increase in 10 of the 14 regions of Brazilian ...

The Guarani/Tupinikim Indians from Brazil are on a dispute with Aracruz Celulose

Brazil’s Justice Minister Accused of Illegality on Indian Land

One hundred and twenty days after the legal deadline, Brazil's Minister of Justice, Márcio ...

Brazil and UN Peace Mission to Remain in Haiti Past the Election

The head of the UN  peace mission in Haiti (Minustah), the Chilean diplomat, Juan ...