Brazil’s Clothing Sector Has Learned How to Be Competitive

A survey by the Abit (Associação Brasileira da Indústria Têxtil e de Confecção – Brazilian Textile and Clothing Association) has found that sector prices had a very small influence on inflation since the beginning of the Real Plan in 1994, when Brazil changed its currency and brought inflation under control.

The director superintendent of Abit, Fernando Pimentel, says that while consumer prices (as measured by the IPC-Fipe) rose 161.48% between July 1994 and May 2005, clothing prices rose only 12.72% . “That works out to around 1% per year,” he said.


According to Pimentel, the clothing-textile sector is an “inflation anchor,” where investments in productivity and quality have “resulted in a high level of competitivity,” while prices have not gone up.


He points out that there are 30,000 firms in the sector, producing some 1.2 million tons of fabrics (800,000 tons of cotton) and investing US$ 1 billion annually. Total sector revenue reached US$ 25 billion last year, with exports worth over US$ 2 billion.


Pimentel said most of the clothing used in Brazil is produced domestically. The country is the world’s seventh biggest clothing producer, its second biggest denim producer and third biggest producer of knitted goods.


ABr

Tags:

You May Also Like

Brazil Calls IMF’s Report on Country’s Economy Wrong and Stupid

For Brazil’s Finance minister Guido Mantega the International Monetary Fund’s assessment that Brazil’s fiscal ...

Looking for Brazil’s Moon Under Water

In 1946 George Orwell wrote an article in which he described his favorite pub ...

Brazil’s Watchdog Agency Has Not Enough Hands to Investigate All Corruption Cases in High Places

The Brazilian minister who heads the government’s watchdog agency Controladoria-Geral da União, CGU – ...

U.S.A. Calendar

FRIDAY 1 MIAMI Today and tomorrow last two days of Women in the Arts ...

For Brazil Land Reform May Be Key to Peace for Indians

The President of the National Institute of Colonization and Agrarian Reform (Incra), Rolf Hackbart, ...

In Brazilian Courts Little Has Changed Since US Nun’s Murder

Social movements and human rights groups suffered yet another defeat this month at the ...

Brazil’s Farming Boom Favors Mostly the Midwest

Income from farming in the main crops in Brazil should reach 160.6 billion Brazilian ...

Despite Record Profit Brazil Petrobras Needs More Money for Expansion

Petrobras, the Brazilian government-controlled oil company,  announced on Tuesday that net income rose 96% ...

Brazil’s Sí£o Sebastií£o Port Makes History Shipping Cars to Mexico

Tomorrow, November 9, 4,540 cars produced by General Motors at their factory in São ...

Was US Nun Killer Suspect in Brazil Innocented in Exchange for US$ 60,000?

Brazilian Public Prosecutors in Brazil's northern state of Pará will conduct a civil inquiry to ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`