Brazil’s Industry Grows 5.5%, Rio Grande do Sul Shrinks

Brazil’s industrial production in May was up in 13 of the 14 regions analyzed by the Brazilian Institute of Geography and Statistics (IBGE), in comparison with May, 2004.

The exception was Rio Grande do Sul (-2.4%), where May represented the fifth straight month of negative results. Rio Grande do Sul was also the only state in which the cumulative result for the period January-May was negative.


The study, which was released yesterday, July 12, shows that the highest growth rate in May was registered in Amazonas (24.6%), followed by Paraná (13.5%), Ceará (7.2%), São Paulo (6.3%), and Minas Gerais (5.5%), all above the national average (5.5%).


Pará (4.4%), Santa Catarina (3.5%), Espí­rito Santo (2.2%), the Northeast (1.9%), Rio de Janeiro (1.5%), Goiás (1.4%), Pernambuco (0.9%), and Bahia (0.4%) grew less than the national average.


In terms of cumulative growth so far this year, Amazonas is once again the outstanding performer (18.1%).


According to the IBGE, the expansion there is being driven by the production of electronic materials and communication equipment, especially cell phones and television sets.


In the states of Santa Catarina (7.3%), Minas Gerais (7.2%), and Paraná (6.5%), motor vehicle production is largely responsible for the positive results.


“The increase observed in the production of durable goods has benefited from the sustained dynamism of exports and, in relation to the domestic market, the maintenance of the credit supply,” the Institute’s announcement declares.


ABr – www.radiobras.gov.br

Tags:

You May Also Like

Brazil: ‘No Need to Always Agree with US’

United States Secretary of State, Colin Powell, speaking to reporters during a press conference ...

Prison Time for American Pilots Involved in Boeing Crash Reasserted in Brazil

Brazil’s Superior Court of Justice (STJ) decided to maintain the sentence of three years ...

In LatAm’s Poor Showing on Share of World GDP Brazil Does Best

Debt, inflation and Asia’s strong economic growth forced Latinamerica’s share of the world’s GDP ...

Plane that Crashed in Brazil Was Flying with Broken Equipment For Days

As revealed by Jornal Nacional, Brazil's main prime-time TV news program, and confirmed by ...

Brazil: Food Sector Helps Paraní¡ Boost Industrial Sales by 4.5%

Sales by industries in the southern Brazilian state of Paraná rose 4.53% between January ...

40% of Brazilians (72 Million) Have Not Enough Food. 14 Million Live in Hunger

Around 14 million people in Brazil live in constant hunger, and over 72 million ...

Brazil’s Boeing Accident Report Concludes Nothing and Blames No One

The just-released preliminary report on the September 29 Boeing 737 accident in the Brazilian ...

Apex, a Brazilian Agency that Helps Exporters with the Bottom Line

Companies from Brazil that participate in Brazilian Export and Investment Promotion Agency (Apex-Brasil) projects ...

Brazil’s Embraer Gets News Clients But No New Workers

The world’s great recession has hit hard the aviation sector. As a result, Brazil’s ...

Lula Ridicules Free Market and Sees Self as Don Quixote Amid Cassandras

Commenting on the international economic crisis during a trip to Rio, Brazilian president Luiz ...