• Categories
  • Archives

High Taxes and Interest Slow Brazil Industry Output

Industrial production in Brazil grew in the final quarter of 2004 (October-December), but at a slower pace than in the previous quarter (July-September).

In comparison with the final quarter of 2003, however, the production growth rate represented an improvement. The level of new job offers remained unchanged, since industries continued to hire more workers.


These data appear in the National Confederation of Industry’s (CNI) industrial survey. According to the study, the CNI’s index of industrial production registered 57.6 points in the final quarter of 2004.


In the third quarter it stood at 59.9, and in the final quarter of 2003, 54.3. The index ranges from 0 to 100. Figures above 50 points are indicative of a positive trend.


Regarding the level of job offers, the study shows that, although industry hired new workers in the final quarter of 2004 (index of 54.0), the pace was inferior to that of the previous quarter (55.6). The index stood at 50.1 in the final quarter of 2003.


Industrial earnings also rose in the final quarter of last year (index of 58.2), but, again, at a slower pace than in the third quarter (59.9). In the final quarter of 2003, the index registered 54.1.


The chief problems in the final quarter of 2004, as identified by the industries that were surveyed, were the heavy tax burden and high interest rates.


The industrial survey for the final quarter of 2004 was conducted with 1,214 small and medium-sized firms and 199 large companies, during the period January 4-25, 2005.


Translation: David Silberstein
Agência Brasil

Tags:

  • Show Comments (1)

  • Guest

    Business in Brazil? no
    I visited Brazil and Argentina a few weeks ago to pick a country to send some offshore work to. Went with Argentina because Brazil has such a bad anti-business environment. Could write an essay but don’t have time. I got home a day late and a bag short thanks to Varig. Perhaps I will return one day – for vacation.

Your email address will not be published.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

South American Leaders in Brazil Draft a Social Free Trade Area

The 12 countries that form the South America Community of Nations resolved to begin ...

Workplace Accidents in Healthcare Rampant in Brazil

Out of a total of 390,000 workplace accidents registered in 2003, the sector where ...

Brazil Campaign Raises Bone Marrow Donors to 130,000

After a yearlong campaign to encourage bone marrow donations, the number of donors has ...

For US Brazilian Plan for Iran Nukes Is Just a Ploy to Avoid Sanctions

US Secretary of State, Hillary Rodham Clinton, in China for strategic and economic negotiations, ...

Honduras to Dominate Mercosur’s Summit. Brazil Still Refuses to Accept New President

The Honduras' situation and the dispute over the recognition of just-elected Porfirio Lobo as ...

Brazil’s Petrobras Celebrates Records in Production and Stock Price

The total oil and gas production by Petrobras, Brazil’s state owned oil company, increased ...

A sugarcane cutter in a Brazilian plantation

Bush’s Concern for Brazilian Ethanol Just Highlights US Hypocrisy

President Bush begins his tour of Latin America this week, hitting Brazil on March ...

Brazil Forum, a United Effort Against the Bush Threat

The Fifth Annual World Social Forum (WSF) held in Porto Alegre, Brazil, from January ...

Subway Landslide in Brazil Swallows Bus, Cars and Trucks. 7 Feared Dead

At least seven people are disappeared and feared dead following a landslide this afternoon ...

Brazil: Bahia’s Elite Preventing Indians from Getting Land

The torture case of five Brazilian Tupinambá Indians in the state of Bahia, in ...