Brazilian Industry Grows for Third Month in a Row

Brazil’s industrial sector output rose for the third consecutive month in May, reports the government statistical bureau (IBGE). Production was up 1.3%, compared to April, and 5.5%, compared to May 2004.

The coordinator of the IBGE monthly industrial sector survey, Isabella Nunes, says, “The numbers reflect a positive economic scenario, based on export growth, access to credit and an increase in jobs, along with lower inflation.”


May output, compared to April, was led by durable goods, up 3.7%, where cell phones, autos and domestic appliances all had strong performances. Capital goods rose 3.4%.


Compared to 2004, the biggest rise was in fuel production (petroleum and alcohol), up 10.4%


ABr

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