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