Despite Fears, Industrial Production Grows for the Fourth Month in a Row in Brazil

Industrial production in Brazil grew 1.6% in June, in comparison with May. This was the fourth increase in a row in the month-to-month comparison. The increase was 6.3% in relation to June, 2004.

The Monthly Industrial Survey released today (5) by the Brazilian Institute of Geography and Statistics (IBGE) also shows that the growth of the sector amounted to 5.0% in the first half of this year and 6.7% over the last 12 months, below the 7.3% registered in May for the previous 12-month period.


According to the Institute, the data confirm that industrial expansion is based on the durable consumer goods segment, led by production increases in automobiles, home appliances, and cell phones.


This segment, according to the IBGE, has benefited the most from the rise in exports and continuity in credit growth. It was the segment that grew the most in June, at a rate of 8.1%.


Production of capital goods (machinery and equipment) grew 4.2%. Intermediate goods (inputs) were up 0.9%. The semi-durable and non-durable consumer goods segment (food, beverages, clothing, footwear, and medicine), which depends upon the evolution of the salary mass, grew only 0.7%.


Among the 23 activities surveyed, 18 evidenced expansion between May and June. The standouts were automotive vehicles (8.0%) and electronic material and communications equipment (7.1%).


The greatest negative impact came from petroleum refining and alcohol production (-2.7%) and other chemical products (-2.0%).


Agência Brasil

Tags:

You May Also Like

Brazilian Rice Growers Blast Government’s Late Action

The vice president of Brazil’s CNA (Confederação Nacional da Agricultura – National Confederation of ...

January 1995

CONTENTS: Cover story: Lolitas of the night (p. 8) Selling sex and death (p. ...

Disappointment: Brazil’s Petrobras Could Not Reach 2005 Target

Brazilian state-owned oil company Petrobras expects to close the 2005 exercise having processed a ...

Brazil’s Countdown to Copenhagen

Brazil has followed a long and winding road to reach the Fifteenth Conference of ...

A Mere One-Quarter of Brazilians Are Fully Literate

Only 26% of the Brazilian population in the 15-64 age bracket is fully literate. ...

A Decades-Long Skirmish Pitches Brazil’s Military Against Descendants of Slaves

The late Afro-Brazilian scholar Abdias do Nascimento set a unique flame to Brazil’s quilombos, ...

Brazil’s Petrobras Creates Biofuel Division, a US$ 1.5 Billion Investment

Petrobras, Brazil's state-controlled oil multinational, plans to invest US$ 1.5 billion in the biofuel ...

Brazil’s Horse of the Year Bought by Emir of Dubai

It is not uncommon for Brazilian horses to compete and be sold abroad. In ...

A Nine-Point Policy to Rescue Brazil’s Youth

At the inauguration of the Young Voices encounter in Brazil, the National Youth Secretary, ...

Only Huge Mass Mobilizations Will Bring Change, Says Brazil’s Landless Leader

The main leader of Brazil’s Movement of Landless Rural Workers (MST), João Pedro Stédile, ...