• Categories
  • Archives

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.



  • 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Your email address will not be published.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.


You May Also Like

Against All Odds Brazilian Indians Defeat Multinational and Get Land Back

Brazilian Indians are celebrating what they consider a historical decision, which was published August ...

Brazil’s Gol Diversify Fare Categories Away from Its Frugal Image

Brazilian Airline Gol just announced it’s launching a new fare category structure that include ...

Brazil and Mercosur Offer to End All Tariffs for Poorest

Brazil and its Mercosur partners are ready to offer unrestricted market access, free of ...

Brazil’s New-Found Prosperity Is Powering Economy

Brazil's 6% industrial production growth in 2007 over the previous year was mainly boosted ...

Brazil Starts Talks on Converting Its US$ 202 Billion Foreign Debt

In July Brazil will begin negotiations with creditor nations to convert part of its ...

The Exasperating Rules and Fine Print of Brazil’s Political Campaigning

Elections in Brazil are tightly controlled by the Federal Election Board (Tribunal Superior Eleitoral ...

Brazilian protesters want jail for Lula and Cardoso

Lula Didn’t Get a Blank Check from the Brazilian People

The October, 2006, reelection of Luiz Inácio Lula da Silva as president of Brazil ...

In Brazil, Banks Lead with US$ 10 Billion in Profits in First Half

Total profits of the four main sectors represented by Brazil's Bovespa (São Paulo Stock ...

Brazil on Its Way to Become Olive Oil Country

Brazil now has its name on olive oil labels that are sold in some ...

Brazil Loses 5 Million Tons of Soybeans to Rust

The representative of Brazil’s National Confederation of Agriculture (CNA), Alécio Maróstica, informed that Asian rust, ...