Brazil’s Industrial Activity Falls 15% in First Quarter

Brazilian factory workers Brazil's industrial production posted slight growth from February to March, registering growth of 0.7%. The result shows the third consecutive elevation in this comparison. With regard to the same period last year, the sector suffered a great reduction, 10%.

With the result for March, industrial activity ended the first quarter of 2009 with a reduction of 14.7% over the same period in 2008. When compared to the quarter immediately before, the rate was -7.9%. In the last two quarters, the accumulated loss for the sector was 16.7%, the highest since the second quarter of 1990 (-19.8%). Over the last 12 months, the accumulated variation is -1.9%.

According to figures disclosed this Tuesday, May 5, by the Brazilian Institute of Geography and Statistics (IBGE), the growth verified in March reached 11 of the 27 activities researched. The highlight was the vehicle industry (7.0%), followed by the pharmaceutical industry (9.0%), other chemical products (3.5%), medical and hospital and optical instruments (20.8%) and mining activities (2.4%).

On the opposite lane, the main reductions were observed in the other transport equipment sector (-15.2%), electric machinery, equipment and material (-15.3%), machinery and equipment (-3.3%) and electronic material and communications equipment (-5.5%).

With regard to March 2008, in turn, the research shows that there was retraction in 20 of the 27 fields researched. The main negative pressures came from machinery and equipment (-27.2%), vehicles (-18.5%), basic metallurgy (-29.2%) and electronic material and equipment for communications (-38.9%). The IBGE study shows that this year the month of March had two working days more than in 2008.

ABr

Tags:

You May Also Like

Bird Flu Sends Chicken Prices Below Production Costs in Brazil

There are no signs of bird flu in Brazil, but its presence is being ...

Blue, Beige and Pink Sheep Grazing on the Fields of Brazil

The unaware traveller may be surprised with the colors in the fields of Ipê ...

Brazil Starts 4-Mile-Deep Extraction of Oil in the Ocean

Petrobras, Brazil's state-controlled oil and gas multinational, will extract its first crude oil from ...

Was US Nun Killer Suspect in Brazil Innocented in Exchange for US$ 60,000?

Brazilian Public Prosecutors in Brazil's northern state of Pará will conduct a civil inquiry to ...

Brazil Holds First Carbon Auction. Netherlands Bank Wins It

Netherlands-based Fortis Bank has emerged as the winning bidder in an auction marking a ...

Brazil’s Leather Exports to the US Grow 36%

Brazilian leather exports grew 8% last year, when compared to 2004. The increase was ...

Let’s Hope Brazil’s Corruption Has Hindered Plans for a ‘Democratic Dictatorship’

The fact that the Lula da Silva administration has been reportedly involved in numerous ...

After 11% Growth Last Year Brazil’s Car Industry Sees Another 10% Boost in 2010

New car sales in Brazil could rise 10% this year as Latin America’s largest ...

Brazil Believes It Can Have Social Indicators of Rich Country in 6 Years

Brazil may achieve social indicators similar to those of developed countries by 2016 if ...

Russian Team in Brazil on a 9-State Meat Inspection Mission

The group of Russian veterinarians who spent the last two weeks inspecting 17 slaughterhouses, ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`