• Categories
  • Archives

Brazil Industry Grows Slowly Due to Strong Brazilian Currency

A Brazilian worker A monthly study by the Federation of Industries of the State of São Paulo (Fiesp) and by the Center of Industries of the State of São Paulo (Ciesp), considering seasonal changes – a procedure that permits elimination of oscillations characteristic of certain periods – reveals that the level of industrial activity in the state of São Paulo in August was 0.0% (stability).

Without the seasonal modification, the Level of Activity Index was 4.5%. In the year to date, the industry of the state of São Paulo accumulates growth of 4.9%.

To Antonio Correa de Lacerda, director of the Ciesp economic department, the result shows slight improvement, but the industrial sector is still losing opportunities.

"Industry is still growing around 5%, but is not, for example, accompanying the growth of trade, 9%. It is not due to lack of competitiveness, but to the unfavorable environment due to the appreciation of the Brazilian currency, the real, which is favoring imports."

According to Paulo Francini, director of the Research and Economic Studies Department (Depecon) at the Fiesp, transformation industry is growing fast. "The result is good when compared to last year and industry has been showing that there is space in its productive capacity."

The textile sector Level of Activity Index presented growth in August. When compared to July, the result considering the seasonal adjustment was 0.6%. When comparing the first eight months of this year to the first eight months of last year, the variation was 4.6%.

In the chemical, petrochemical and pharmaceutical sector, the variation in August was 1%. Between January and August 2007, in comparison with the same eight months last year, the sector grew 6.7%.

The negative performance in the month of August was for the vehicle sector, which registered a reduction of 6.9%. In 2007, from January to August, the result has also been negative (a 1.1% drop) when compared to the same period in 2006.

CNI

Tags:

  • Show Comments (1)

  • ch.c.

    Quite different stats…..than those…..
    ….provided by your Filthy Government.

Your email address will not be published.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

Brazil: Digital Navigation in Sí£o Paulo and Rio Much Easier Now

São Paulo and Rio de Janeiro streets are now covered by Navteq a global ...

Agribusiness is Bad for Brazil and Brazilians

If Brazil wanted to solve the problems of unemployment and poverty in the rural ...

Brazilian Award-Winning Hip-Hop Drama, Antí´nia, Comes to DVD

Antônia, a hip-hop theme drama telling the story of four young women chasing a ...

Brazil Adopts Tougher Environmental Rules

New rules for the economic utilization of environmental preservation areas in Brazil should be ...

Brazil Poised to Become World’s Top Wet Nurse

Brazil could climb from seventh to first position as the world's main milk producer ...

Low Inflation and High Surplus Warms Up Brazilian Market

Latin American stocks regained some of the ground lost last Friday, when new developments ...

Sugar cane plantation in blossom

In Brazil Fuel Grows in Trees. And the Google Boys Seem Ready to Plant Some.

George Bush, a former oil business-man, told the American people that the new goal ...

Brazilian Supreme Upholds Genocide Ruling in Yanomami Indians’ Massacre

Brazil’s highest court, the Federal Supreme Court, yesterday, August 3, upheld the conviction of ...

Brazil’s 1.5 Million Natural-Gas Car Fleet to Grow 10%

Vehicles powered by compressed natural gas (CNG) are expected to grow 10% this year, ...

US Gives Brazilian Terrorist Visa So He Can Listen to Jazz in New Orleans

Brazilian economist and journalist Paulo de Tarso Venceslau, a former Brazilian guerrilla who in ...