Brazil Industry Grows 3.3% Led by Autos, Metallurgy and Food

Brazil food The sectors of automotive vehicles, basic metallurgy, and food and beverages have led Brazilian industry sales in July. Compared with the month of June, sales increased by 1.2% in the seasonally adjusted series.

From January until July, sales recorded an accumulated growth of 3.3% in comparison with the same period of 2006, according to the Industry Indicators survey, disclosed by the National Confederation of Industries (CNI).

According to the survey, conducted among large and medium-sized companies of 12 Brazilian states, the sales performance and the positive result of the remaining indicators attest to the expansion of production.

Hours worked in production rose by 0.8% in July compared with June, in the series free from seasonal influences. During the same period, employment rate in the industry increased by 0.3%, and the use of the installed capacity increased to 82.6%.

The CNI survey highlights the fact that the employment indicator has been on the rise for 20 months in a row now. From January until July, the indicator records a 3.5% increase in comparison with the same period of 2006. The food and beverages sector has led hirings this year so far, at a 9.4% expansion.

The rise in employment is being accompanied by wages. The remuneration paid to industry workers, which, in addition to the salary, includes rewards, bonuses, and others, increased by 2.6% in July compared with June, and records a 4.9% increase for the year.

The food and beverage industry is also the main responsible for the expansion in the industry payroll. Remuneration to employees in the segment rose by 15.5% from January until July, compared with the same period of last year.

CNI

Tags:

Ads

You May Also Like

Casino Real

In the eyes of its foreign creditors, Brazil’s most important spending concern has to ...

Syrian President Visits Lula and Proposes Closer Ties with Brazil

The president of Syria, Bashar al-Assad, on his first-ever tour of Latin America proposed ...

It’s Official: Brazil Won’t Renew IMF Accord

Brazil’s Minister of Finance, Antônio Palocci, informed the International Monetary Fund (IMF) that Brazil ...

Brazil Trains 100,000 Drivers to Deal with Handicapped

Brazil’s Ministry of Cities launched, today, the Transportation for All course, by which it ...

Brazil Offers Courses on Leadership to Young Students

Brazil's Unindus, the corporate university of the Federation of Industries of the State of ...

Brazil Signs Accord to Protect Ecosystem

On Tuesday, January 25, in London, Brazil signed the International Convention for the Control ...

US Fed Offers Currency Swap Lines to Brazil, UK, Switzerland

According to Brazil's Central Bank President, Henrique Meirelles, the extension of a US Federal ...

Out of Africa: Race in Brazil and the US

In Portuguese, the word for "race", raça, is not surprisingly the same as the ...

Brazil Group in Charge of Cleaning the Police Indicted for Murder and Torture

Brazil’s Special Group for Fighting Organized Crime (Gaeco) of the state of Paraná has ...

Brazil’s Chicken Breeders Get Mad at Bolivian President for Gay Comments

Chicken breeders of Brazil, the world’s largest exporters of the bird rejected and slammed ...