Brazilian Industry Grows But Timidly

Industrial production in São Paulo rose 2.95% in May, compared to April. It was up 4.4%, compared to May 2004, and up 4.7% for the year. The numbers are from a survey by the state manufacturing federation (Fiesp, Federação das Indústrias do Estado de São Paulo).

In the Food and Beverages sector there was strong growth of 7.3% in May, compared to April. However, on the other hand, the sector is down 8.2% for the year.


Fiesp director, Paulo Francini, explains that while most industrial output is driven by exports and domestic consumer credit, the Food and Beverages sector depends on consumer income.


Machinery and Equipment was up 0.3%, which is considered low. Francini says the sector needs investments to grow and there has been a brake on investments.


Finally, the Office Supplies and Equipment sector had growth of 0.4% in May, a result, says Francini, of a crackdown on contraband and piracy.


ABr

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Your email address will not be published.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

Jordan King Getting Ready to Visit Brazil

With the goal of preparing the trip of Jordan's King Abdullah II to Brazil, ...

Zero Tillage: a Brazilian green revolution

Zero Tillage: Why the Grass Is Greener on Brazil’s Side

Brazil’s large farms have long pioneered a green cultivation technique that boosts growth. Now ...

Five-Star Jail

Under Brazil’s quaint penal code, criminals and suspected criminals with a higher education qualification ...

The Reluctant Guru

The story of Vamberto Morais, an MD from Recife, state of Pernambuco, who went ...

US Bank Morgan Stanley Warns Brazil Growth Might Be Close to Zero

Brazil's economy could suffer a contraction during two consecutive quarters at the end of ...

Brazil Imports Reach US$ 98 Billion, More than the Whole of 2006

Imports by Brazil amounted to US$ 98 billion from January to October, a growth ...

Cuban Doctors Fired and Then Rehired in Brazil

The 35 Cuban doctors who worked at the Family Health program, in Tocantins state, ...

The Brazilian Six-Pack at Indy

There are six Brazilians in the spotlight this Sunday, May 25, competing in 87th ...

Brazilian Justice Can’t Reach Goals of Working Faster and Spending Less

In Brazil, at the beginning of last year, the Brazilian Judiciary branch set itself ...

UN Borrows Inclusion Programs from Brazil

Brazil’s social inclusion programs in the area of sports – Gaining (“Painting”) Freedom and ...