New Signs of Brazilian Industry’s Contraction

Industrial production in Brazil dropped 2% in September, compared with August. In comparison with September, 2004, there was growth, but of only 0.2%, the smallest since September, 2003.

These data come from the Monthly Industrial Survey released Wednesday, November 9, by the Brazilian Institute of Geography and Statistics (IBGE).

Between January and September, the industrial sector grew 3.8%, while the reading for the 12 preceding months shows a deceleration in relation to August, from 5.1% to 4.4%.

The index for the third quarter of 2005 was 1.5% higher than for the third quarter of 2004 but 0.7% lower than for the second quarter of this year (April-June).

For the manager of the survey in the IBGE, Isabella Nunes, September’s results reinforce the signs of deceleration in the pace of industrial activity.

The 2% drop in production compared with August, according to Nunes, "had been anticipated, since sales exhibited negative rates during the past three months, especially of automobiles, home appliances, and electro-electronic products, which make up the durable consumer goods segment."

ABr

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Your email address will not be published.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

Embraer Responsible for 4% of Brazil’s Trade Balance

The Brazilian Aviation Company – Embraer – announced Wednesday, July 27, the delivery of ...

Industry Grows Over 10% in Santa Catarina, Brazil. Above Country’s Average

Brazil's industry sales grew 8.4% in the first half of this year over the ...

Brazilian Airline Gol Gets Prize and US$ 50 Million Loan

Brazilian leading business magazine Exame has awarded Gol Airlines with its Melhores e Maiores ...

Brazil’s Petrobras Outbids Chevron and Venezuela to Get Exxon in Chile

Multinational oil giant Petrobras, Brazil's state-controlled company, has offered US$ 900 million for Exxon's ...

Beef from Brazil

Thanks to Russia and the US Brazil Beef Exports Grow Over 40%

Brazilian exports of cattle beef generated US$ 1.4 billion in the first four months ...

In Brazil, Rule of Law Is for the Birds

Brazil is a nation suffering from a substantial lack of commitment to the rule ...

Bolivia Pulls Troops Back from Brazil’s Petrobras Installations

President Evo Morales announced he is lifting the military guard deployed at energy installations ...

Commitment to Austerity is Sacred, Says Brazil’s New Finance Minister

Latin American stocks advanced, with Brazilian stocks posting the biggest gains on a continued ...

2010: Economists See Brazil’s GDP Growing 5.08% and Industry 8%

Brazilian financial market have slightly improved their expectation of growth for the Gross Domestic ...