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:

You May Also Like

Cutting Brazil’s Amazon Leads to Boom and Bust Economy

A study of 286 Amazon municipalities found that deforestation brought quick benefits that were ...

Final Lap

The Serra camp is pinning its hopes on the television propaganda  campaign which started ...

No-Win Game

No American has ever cried over millions of people who die every day in ...

Free Trade Agreement Approaches Israel to Brazil and Mercosur

Israel and Mercosur, which comprises Brazil, Argentina, Uruguay and Paraguay plus Venezuela, will sign ...

Venezuela Depending on Brazil Now to Become a Mercosur’s Full Member

The President of Paraguay, Fernando Lugo, is scheduled to make his first official international ...

State News Agencies from Brazil and Portugal Sign Cooperation Accord

Radiobrás and the Lusa Agency, from Portugal, have drawn closer. A cooperation agreement was ...

Brazil Sees US as Biggest Military Threat While Pentagon Increases Presence in Paraguay

On May 27, the Paraguayan National Congress signed an agreement with the United States ...

Brazilian dinner

Brazil’s Worst Poverty Is the Lack of Smarts and Feelings

The federal government has distributed posters announcing that in the past few years the ...

Meet the Real “Music Man” of Brazilian Musical Theater – Ed Motta

What hasn’t musician, composer, singer, jazz-soul aficionado, multi-instrumentalist, and all-around nice guy Ed Motta ...

Alcoa Invests US$ 1.6 Billion in Brazil Creating 6,500 Jobs

Franklin Feder, the president of Alcoa for Latin America, announced that his company, one ...