Brazil Gets Best Level of Jobs and Production in Three Years

A Brazilian worker Production and employment in Brazilian industry reached, in the third quarter of 2007, the greatest levels in three years. The elevation in production index reached 58.2 points in the third quarter of 2007, greater than the 56.2 points registered in the second quarter and the 53.9 points in the same period in 2006.

This information was disclosed in the Industrial Analysis, released this Tuesday (October 30) by Brazil's National Confederation of Industries (CNI).

"The Industrial Analysis for the third quarter of 2007 strengthens the signs of economic expansion noticed in the second quarter of this year," according to the text. CNI technicians also pointed out that the growth of activity was identified throughout industries of all sizes and most industrial sectors.

As shown in the study, in large companies the indicators of expansion in production reached 61.2 points. In medium-sized companies, the figure was 56.8 points and, in small companies, 55.7 points. The sectors that led expansion in production were other transport equipment, automotive vehicles and basic metallurgy.

The growth in production increased job offers. The index of evolution in the number of employees rose from 52.6 points in the quarter to 53.8 points in the third quarter. Expansion of job offer was greater in medium and large companies.

The indicator of evolution in number of employees was 53.8 points in medium and 54.9 points in large companies. In small companies, the level was 52.3 points. The sectors that opened the greatest number of positions were vehicles, other equipment and basic metallurgy.

The Industrial Analysis also shows that the use of the industrial capacity has grown two percentage points when compared to the second quarter, reaching 77%.

"Small and medium companies were the ones that stood out most in this respect, as use of their installed industrial capacity grew on average three percentage points," according to the CNI study.

In medium companies, the indicator was 77% and in small ones, 71%. In large organizations, the indicator rose just one percentage point, reaching 81% in the third quarter.

The CNI research took place between September 27th and October 18th and included 1,502 companies in 22 states, of which 810 are small, 466 medium and 226 large. The indicators in the study range from zero to 100. Figures above 50 show positive evolution or expectations. When below 50, perspectives are negative.

Volkswagen Investment

Volkswagen Brazil will invest 3.2 billion Brazilian reais (US$ 1.8 million) in production of new vehicles and process improvement from 2007 to 2011. That total represents a 28% increase over the amount originally announced in October last year, which was 2.5 billion reais (US$ 1.4 billion).

The announcement was made Monday (October 29) by the president at Volkswagen Brazil, Thomas Schmall.

According to a press release issued by the company, 80% of the amount will be invested by the Brazilian subsidiary itself, whereas the remaining 20% will come from the Volkswagen Group headquarters, in Germany.

CNI

Tags:

You May Also Like

Brazil Expecting 9.4% Growth in Energy Consumption in 2010

Brazil’s consumption of electric energy in 2010 should rise 9.4% over 2009. The figures, ...

Brazil to Expand Its AIDS International Assistance

This week Brazil is hosting a meeting with other developing nations on assistance in ...

Brazilian Federal Government Triples Investments in Two Years

Brazil’s federal government invested a total of US$ 8.061 billion (18.4 billion reais) last ...

Brazilian Vice President in New York for Cancer Surgery

Brazilian vice president, José Alencar, 75, is in New York where he is scheduled ...

Brazil Celebrates Today 250 Years of an Indian Warrior’s Murder

This Tuesday,  February 7. 2006, marks the 250th anniversary of the murder of Sepé ...

Brazilian Small Businesses Get Grant from EU

The Brazilian support program for small businesses to become exporters (Programa Brasileiro de Apoio ...

Only Education Will Give Us the Brazil We’ve Been Waiting for 500 Years, Says Lula

Brazilian President Luiz Inácio Lula da Silva discussed Monday,  October 24, in São Paulo, ...

Couromoda: 3,000 Brands of Leather and Footwear Stuff from Brazil

Brazil’s Minister of Development, Industry, and Foreign Trade, Luiz Fernando Furlan, affirmed, Monday, January ...

Rio, Brazil, street kid searches for lost coins under the drain

When I See What’s Going on in Brazil I Feel Like Picking Up a Gun

They come every trash day. A black man in his twenties and his son, ...

Brazilian Doctor Gets US$ 1 Million Award in US for Work with Kids

Brazilian Zilda Arns Neumann, a pediatrician who founded and leads Pastoral da Criança (the ...