Brazilian Industry Slows Pace

Industrial production in Brazil fell 1.2% in February, compared with January. The decline affected 10 of the 23 activities surveyed, according to information released today by the Brazilian Institute of Geography and Statistics (IBGE).

The biggest declines occurred in pharmaceuticals (-15.6% ), food (-2.2%), petroleum refining and alcohol production (-3.1%), and beverages (-5.6%).


Among the sectors that turned in positive results, the outstanding performers were metal products (4.5%), basic metallurgy (2.5%), perfumes, soap, and cleaning products (6.2%), and rubber and plastics (1.6%).


Industrial production was up 4.4% in comparison with February, 2004. According to the IBGE, the performances of motor vehicles (15.4%), electronic and communications materials (20.4%), and machinery and equipment (7.9%) sustained this growth in overall industrial production.


ABr

Tags:

You May Also Like

Up and Coming

Yes, there are prosperous and even rich Brazilian blacks. And they are not just ...

Brazilian Amazon Showcases Its Goods at Amazontech

Bio jewels, mashed fruit, scented oils and raw and processed guaraná, all products of ...

Brazil’s Bradesco Bank: 1st in LatAm, 9th in the Americas

Brazil's financial giant Bradesco is the largest banking institution in Latin America and the ...

Tight Money Depresses Brazil Stocks

Brazilian stocks ended mixed to higher, ahead of an interest rate decision later yesterday. ...

Brazil to Invest US$ 2.5 Billion in Wind Farms This Year

After counting for generation on hydroelectricity for about 80% of it energy need Brazil ...

Does Zero Hunger Make Sense? or Cardoso Was Right After All

In Brazil, hunger and malnutrition are part of a syndrome that includes illiteracy, inadequate ...

Honduras to Dominate Mercosur’s Summit. Brazil Still Refuses to Accept New President

The Honduras' situation and the dispute over the recognition of just-elected Porfirio Lobo as ...

Brazil Might Appeal to International Courts Against Bolivia’s Gas Nationalization

A price increase in the natural gas it imports from Bolivia could be the ...

Gays’ Santa Claus Is Brazil Lula’s Latest Title

The president of Brazil, Luiz Inácio Lula da Silva, was named “Gays’ Santa Claus” ...

Sí£o Paulo, Brazil, 451 Today, Is an Ethnic Powerhouse

The city of São Paulo celebrates today 451 years of history. From the school ...