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:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil’s Oil Production Abroad Grows 8%

Petrobras, Brazilian state-controlled oil multinational, had average international oil and gas production of 218,117 ...

Brazil Hosts International Encounter on the Millennium Goals

Ministers, congressmen and representatives of civil society from 16 Latin American and Caribbean countries ...

Gathered in Brazil, World Is Still Far from Accord on Genetic Resources

The first step has been taken, in Brazil, towards a future international system to ...

Raising Interests Shouldn’t Be Brazil’s Only Way to Fight Inflation, Says Minister

The Brazilian government is considering additional anti-inflationary measures such as tax breaks and lower ...

Brazil’s Fish Leather Shoes Are for Export Only

Businesswoman Tânia Pedracini, from Maringá (in the southern Brazilian state of Paraná), established a ...

After 10 Years and With a Hand from Brazil EU and LatAm May Reach Agreement

The European Commission president José Manuel Durão Barroso and Spanish president José Luis Rodríguez ...

Presidents Bush and Lula from the US and Brazil

Bush Just Learned That Brazil Is No US Backyard Any Longer

The most interesting thing about the recent visit by President Bush to Brazil is ...

Over 70 Indians Elected as Mayors and City Council Members in Brazil

Brazil's latest municipal elections, on October 5, resulted in a growing number of indigenous ...

Brazil’s Frangosul and Arabs: No Chickenfeed Deal

Chicken industry Doux Frangosul, from the Brazilian southernmost state of Rio Grande do Sul, ...