Brazil Industry Loses Steam

Inside a Hering factory in Brazil Brazil's transformation industry real revenues grew 1.1% in May as against April, discounting seasonal and calendar effects, according to the Industrial Indices study, disclosed today this Thursday, June 3, in Brazilian capital BrasÀ­lia by the National Confederation of Industries (CNI).

Despite the growth verified in May, the result is half a percentage point lower than the result for April, showing deceleration in the rhythm of expansion of industrial activity.

The other variable connected to production, hours worked, presented a 0.1% reduction in May when compared to April. According to the research, this index confirmed an accommodation tendency that had been identified in March.

In comparison with May last year, however, there has been growth of 2.7% and, in the accumulated result for the year, expansion has reached 5.8% over the same period in 2007.

Indices connected to the labor and employment market and real salary values also presented less expressive growth rates in May. Employment rose 0.2% over April, in the seasonal series. With this, employment, which had been accumulating growth of 4.7% in the month of April, has fallen to 4.5% in the year up to May.

The value of salaries paid also lost force in the same comparison: growth had been 6.2% from January to April, but it sagged to 5.7% from January to May.

In May, companies were operating with 82.8% of their installed capacity, in a series free of seasonal influences. The index has remained stable for nine months. This shows that industry is now living a period of maturing investment decisions.

CNI

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Your email address will not be published.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

Brazil Offers Farmers Low-Interest Loans to Fight Soybean Rust

The Bank of Brazil (BB) opened an emergency credit line of US$ 85 million ...

Apple Becomes Brazil’s Number One Fruit Export

Apples are the fruit that generated the largest foreign trade revenues for Brazil this ...

Brazil: Punishing Thieves and Public

Public works that are needed by the population cannot stop every time an irregularity ...

Crowd Pleaser

Paulo Coelho is today the best-known Brazilian author, with more than 21 million books ...

Brazil Strategy Network

US-Brazil Group to Focus on Civil Society in National Meeting in NY

The Brazil Strategy Network (BSN) will hold its fourth annual National Meeting on Saturday, ...

Brazil Starts Aggressive Info Campaign on Bird Flu in Airports

The Brazilian National Sanitary Surveillance Agency (ANVISA) started an information campaign today on bird ...

President Obama Hails Lula and Brazil for Leading by Example

American president Barack Obama described his Chilean peer Michelle Bachelet as "one of the ...

Brazil’s Buffalo Breeders Want to Serve You Some Different Milk for Breakfast

Brazil’s Association of Livestock Breeders and Dairy Producers of Vale do Ribeira (Proleite) want ...

Something Wrong with Brazilian Democracy: Excessive Fraud or Intervention

The Brazilian TRE (Regional Electoral Court) strikes again! Last week, a TRE judge ordered ...