• Categories
  • Archives

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Your email address will not be published.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

Brazil Wants More Business with the UK, Says Lula in London

Brazilian President Luiz Inácio Lula da Silva told an audience of Brazilian and British ...

zzz

FIFA Denies it Had Threatened to Take World Cup Away from Brazil

Dilma Rousseff, the president of Brazil, had a “positive meeting” with FIFA general secretary ...

Only 15% of Brazilians Have a Bank Account

The coordinator of the Economics and Market Commission of the Association and Syndicate of ...

Carlos Busatto Junior

Brazilian Mayor Tries to Smother Critical Newspaper

Brazilian weekly newspaper Jornal Atual, which is based in the inland town of Itaguaí­, ...

Fundação Getúlio Vargas in Rio, Brazil

Brazil’s FGV Joins University of California to Offer Free Online Course

Brazil's Fundação Getúlio Vargas Foundation (FGV) has partnered with UC Irvine Extension, the continuing ...

Brazilian Petrobras's robot

Brazil’s Petrobras Is Still Calling for US$ 112 Billion in Investments

Brazilian state-controlled oil multinational Petrobras's business plan for the 2009/2013 period, which is currently ...

Artists Take to the Streets in Brazil to Call for More Money for the Arts

Performers all across the country took to the streets, Thursday, August 10, in 12 ...

Venezuela's chief Hugo Chávez

Brazil Congress Scolds Chí¡vez But Opens Door to Venezuela’s Mercosur Entry

The Brazilian Lower House Constitution and Justice Committee passed on Wednesday, November 21, a ...

The Auditorium Wars

The success of TV hosts has created a new class of nouveaux riches in ...

US, EU and Asia, All Interested in Making Microchips in Brazil

Industries from European and Asian countries, as well as the United States, are interested ...