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:

You May Also Like

March 1993

CONTENTS: Cover: Xuxa: here she comes (p. 7) Short stories for a beer campaign: ...

Telecenter with 16 Computers: A Brazilian Gift to Angola

As it has already done in São Tomé e PrÀ­ncipe, and Cabo Verde, Brazil ...

Hopes of Lower Interest Help Brazilian Stocks

Latin American stocks advanced, with Brazilian shares gaining on hopes that weaker-than-expected economic growth ...

Brazilian Finance Minister Denies Wrongdoing and Vows to Stay Minister

Brazilian Finance Minister Antonio Palocci on Thursday denied involvement in an alleged kickback scheme ...

Brazil’s Lula Has Shown Real Face as Foe of Indians

Now that the eyes of Brazil are focused on the real situation in rural ...

Only 4.5% of Brazil’s Bus Fleet Ready for Disabled

Brazil’s urban bus fleet will have to equip itself to serve the country’s more ...

Rio, Brazil, on the Run as One of World’s Seven Wonders. You Can Vote.

In July next year Swiss foundation New Seven Wonders is going to announce the ...

Women Candidates Still Few in Brazil

Despite the existence in Brazil of quotas which oblige political parties to reserve at ...

Brazil on a Roll: US$ 100 Billion in Exports in 2005

The Brazilian minister of Development, Industry, and Foreign Trade, Luiz Fernando Furlan, said on ...

Brazil Reaping the Fruits of an Arab Summit Not Held Yet

The Brazilian Foreign Minister, Celso Amorim, said today, after a meeting with the secretary ...