Brazil’s Industry to Hire and Invest More in 2005

    The latest quarterly survey of Brazil’s manufacturing sector (Sondagem Conjuntural da Indústria de Transformação), which has been conducted regularly for 38 years by the Getúlio Vargas Foundation’s Brazilian Institute of Economy (Ibre/FGV), found that the sector is optimistic about 2005.

    Although the survey was released in December, it was made in October; that is, before two increases in the country’s benchmark interest rate (Selic) and the drop in the value of the dollar against the real. It reflects sector expectations regarding 2005.


    According to Aloisio Campello, who coordinated the survey, it interviewed 1,003 industries in 24 states, which employ 967,434 workers and have annual revenue totalling US$ 135 billion (360 billion reais), or around 25% of total sector revenue. The survey, explains Campello, focused on six areas.


    Revenue – 83% of those interviewed said they expected a rise in revenue in 2005. That was up from 80% in the prior survey (in October 2003, which measured expectations for 2004).


    Business – In October 2002, 48% of those interviewed said they expected more business in 2003. In October 2003, once again, 48% expected more business for the next year. In October 2004, the number had risen to 67%, with regard to 2005.


    Hiring new workers – In the last three surveys, the number of those interviewed who said they expected to hire new workers in the next year rose from 29% (2002), to 35% (2003) to 47% last October.


    Investments – In the last three surveys, the number of those interviewed who said they expected to increase investments in the next year rose from 33% (2002), to 45% (2003) to 52% last October.


    Exports – In the last three surveys, the number of those interviewed who said they expected to increase exports in the next year fell from 64% (2002) to 55% (2003), and rose to 63% last October.


    Imports – By showing that they expect to increase imports, industries are saying they expect to increase production. In the last two surveys, the number of those interviewed who said they expected to increase imports in the next year has gone from 31% to 43%.


    Translation: Allen Bennett
    Agência Brasil

    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    Your email address will not be published.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

    Lula and Chí¡vez Go Ahead with Brazil-Venezuela Gas Pipeline

    The presidents of Brazil, Luiz Inácio Lula da Silva, and of Venezuela, Hugo Chávez, ...

    Brazilian movie, The Grain

    The Grain, a Touching Piece of Rural Brazil

    The Grain, just showcased at the First Los Angeles Brazilian Film Festival (LABRFF). is ...

    Peru’s President Elect Travels to Brazil Aboard Brazil’s Air Force One

    Peruvian elected president Alan Garcia is scheduled to travel Tuesday to Brazil invited by ...

    Spain Invests US$ 74 in Brazilian Tourism

    The Prime Minister of Spain, José Luiz Zapatero, disembarked yesterday in BrasÀ­lia to pay ...

    Best-seller Books, Plays and Movies

    In cases where regulations have to be confronted, Brazilians pride themselves on being especially ...

    Brazil Close to Legalize Abortion. It’s Been a 22-Year Effort.

    A bill to decriminalize abortion and make it available through the Brazilian public health ...

    From Brazil’s 470,000 Indians 5,000 Live in Sí£o Paulo

    There are currently around 5,000 Indians living in 28 villages in the state of ...

    The Man with a Fish Between the Legs

    Moment of matchless power is that in which a man will do anything, really ...

    Lula Offers Brazil Expertise to Uruguay

    Brazil wants to help the new Uruguayan government in the formulation of a development ...