• Categories
  • Archives

Low Moral: Only 16% of Brazil’s Manufacturers Say Business Is Good

Brazil’s 156th Survey of the Manufacturing Sector (Sondagem Conjuntural da Indústria de Transformação), which is conducted by the Getúlio Vargas Foundation (FGV), took place between June 28 and July 11.

The results show that manufacturers made their lowest evaluation of the sector in the last two years. Representatives of 462 companies were interviewed during the survey.


Only 16% of those interviewed said that business was good. A total of 33% said it was weak. The difference between the two evaluations, at 17 percentage points, is the biggest since July 2003.


Another disparate result in the survey was the difference between answers regarding inventories. Only 1% said their inventories were insufficient, while 19% said they were excessive. The FGV says that shows clearly that as supply outruns demand, inventories are rising.


The FGV declared that the survey shows a tendency for a further decrease in activity in the second half.


“Companies are arriving in July with the worse situation evaluations in two years and even worse forecasts for the next few months,” says a FGV report on the survey.


ABr – www.radiobras.gov.br

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Your email address will not be published.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

Brazilian Presidential Candidate Serra: a Life of Opposition and Solid Education

Brazilian presidential candidate José Serra was born into a working-class family of Italian immigrants ...

Let’s Speak of Brazilian Flowers and Mulattas

In the 60s, my mother, a countryside primary education school teacher, who little or ...

Ethanol Policy and Oil Exploration Make Brazil Oil Self Sufficient

Once almost completely dependent on oil imports, early next year, Brazil will begin producing as ...

In Crisis, Brazil Footwear Blames ‘Predatory’ Chinese

The president of Brazil’s footwear trade association (Associação Brasileira da Indústria de Calçados) (Abicalçados), ...

Carla Hassett? You’ve Heard This Brazilian. We Bet.

{mosimage}Sitting in a sidewalk café in Los Angeles, Carla Hassett is hard to miss. ...

Brazilian Queen Lee in the Apple

After more than a decade without playing in New York, Rita Lee and her ...

Brazil Sees China and India as Model and Threat

The challenges posed to Brazil by the development of China and India will be ...

Brazil Offers Credit to Help End Widespread Trash Dumps

Garbage disposal is a common problem for all Brazilian cities. Most of them do ...

Brazil’s Lula Will Not Attend Arafat’s Funeral

In an official note, the Brazilian Ministry of Foreign Relations lamented the death of ...