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

Brazzil Magazine covers

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

Brazzil Magazine covers

Brazil Displaces Mexico as Most Attractive for Foreign Investment in LatAm

In a global context of weaker foreign direct investment, FDI, in emerging markets because ...

Brazzil Magazine covers

Brazil Suggests that Neighbors Break Patents to Fight Swine Flu

The leaders of Argentina and Brazil speaking during the Mercosur summit in Paraguay, suggested ...

Brazzil Magazine covers

Gang Brings Children to Illegal Brazilians in the US

A gang that was trafficking Brazilian children to the United States has been broken ...

Brazzil Magazine covers

Brazil’s Lula Calls Blair: ‘How About a Summit to Rescue the WTO Deal?’

Brazil President Luiz Inácio Lula da Silva called British Prime Minister, Tony Blair, today, ...

Brazzil Magazine covers

Brazil to Harvest US$ 84 Billion This Year, a Historic Record

Brazilian agricultural income should reach 143.03 billion Brazilian reais (US$ 84.2 billion) in 2008, ...

Brazzil Magazine covers

Brazil President Steps Up International Offensive Meeting Obama & Cameron

The president of Brazil, Dilma Rousseff, is scheduled to meet with her US peer ...