Sales in Brazil Fall for the 4th Month in a Row

Brazil’s National Industrial Confederation (CNI) reports that there was a drop of 0.91% in sales by the industrial sector in October, compared to September.

That was the fourth consecutive month sales have fallen. Compared to October 2004, sales in October 2005 were down 2.51%.

The CNI says the main reasons for the weak performance are large inventories and the exchange rate with a strong real that has cut into exporter profits.

At the same time, industrial salaries in Brazil rose 0.89% in October in comparison with September. After adjustment for seasonal factors, which discount typical monthly variations, the increase came to 0.53%.

Data released yesterday, December 6,  by the CNI show that this index has been on the upswing since March, with a cumulative increase of 5.4% through October.

CNI technical personnel judge that the salary improvement can’t be a reflection of positive sales results, since sales dropped 0.91% in October in relation to September. The impelling factor was the stability in price indices.

The study also shows that the rate of capacity utilization (the percentage of factories’ installed capacity that is actually being used) grew from 81.2% in September to 81.8% in October.

The CNI points out, however, that, in October, industries customarily maintain a "high degree" of capacity utilization, due to increased activity to meet year-end demand.

The quantity of hours worked rose 0.30% in October, in contrast to the 0.44% decrease registered in September. Nevertheless, employment levels have remained stable since August.

When October is compared with October, 2004, the total of industrial workers is up 1.80%, less, however, than in the year-to-year comparisons for September (2.24%) and August (3.05%).

Agência Brasil

Tags:

You May Also Like

Lula Hints Brazil Might Use Public Money to Rescue Bankrupted Varig

Brazilian President Luiz Inácio Lula da Silva said Friday, April 28, that the government ...

Brazilian passport

Wanna Be a Brazil Resident? US$ 50,000 Is All You Need

You might think that the fastest and easiest way to get a permanent visa ...

US-based Executive AirShare Committed to Buy Over 50 Embraer Jets from Brazil

Brazilian aircraft maker Embraer received an expansion order for the Phenom 300 jet from ...

Brazil: Paraní¡ Port Makes Life Easier for Exporters and Grows

The cargo throughput in the ports of Paranaguá and Antonina (in the southern Brazilian ...

85% of Businessmen in Brazil Betting They’ll Make More Money This Year

Brazilian businessmen are more optimistic for 2010 regarding their revenues. That’s what the Serasa ...

Best-seller Books, Plays and Movies

By Brazzil Magazine Plays, movies & best-seller books PLAYS Rio O Carteiro e o ...

Stage Struck IV

By Brazzil Magazine "The historical importance of José Celso, in any context, cannot be ...

Paulo Coelho Wants “War Criminal” Tony Blair Out of 2016 Rio Olympics

Brazilian best-selling author and Brazil’s best-known writer, Paulo Coelho, is making it clear he ...

Brazil Shows Arabs How to Sell More Oil by Buying Brazilian Ethanol

Promoting ethanol on the international level has been an integral part of the Brazilian ...

Brazil Pays Off UN Debt After Over 10 Years of Deadbeatness

Brazil’s Ministry of Foreign Relations has announced that Brazil has paid off its UN ...