Brazilian Industry Grows But Timidly

    Industrial production in São Paulo rose 2.95% in May, compared to April. It was up 4.4%, compared to May 2004, and up 4.7% for the year. The numbers are from a survey by the state manufacturing federation (Fiesp, Federação das Indústrias do Estado de São Paulo).

    In the Food and Beverages sector there was strong growth of 7.3% in May, compared to April. However, on the other hand, the sector is down 8.2% for the year.


    Fiesp director, Paulo Francini, explains that while most industrial output is driven by exports and domestic consumer credit, the Food and Beverages sector depends on consumer income.


    Machinery and Equipment was up 0.3%, which is considered low. Francini says the sector needs investments to grow and there has been a brake on investments.


    Finally, the Office Supplies and Equipment sector had growth of 0.4% in May, a result, says Francini, of a crackdown on contraband and piracy.


    ABr

    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    Your email address will not be published.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

    Embraer's ethanol-propelled Ipanema

    Ethanol-powered Plane Is Just One Item on Brazil Embraer’s Green Push

    Embraer, Brazil's world-famous aircraft manufacturer, has established a board of directors aimed at expanding ...

    José Serra

    Brazil’s Presidential Candidate Accuses Lula of Doing Charity to Neighbors

    Authorities from the Brazil’s neighboring country of Paraguay downplayed statements made by the Brazilian ...

    Brazilian TAM Airline Reaches 58% of International and 51% of Domestic Markets

    Brazil’s National Civil Aviation Agency (ANAC) announced that TAM Brazilian Airline registered 28.1% growth ...

    Brazil industry

    Job Market Grows 5% in Brazil

    The real growth in revenues of the Brazilian industry in February increased 1.5% compared ...

    Sí£o Paulo, Brazil, Launches “One More Day” Program for Tourists

    The city hall of São Paulo, the largest business center in Brazil, wants to ...

    Wine from Argentina

    Brazil and Argentina Set on Getting Higher Mercosur Import Taxes

    Brazil and Argentina, Mercosur senior members, agreed to sponsor an increase in the common ...

    Sadia and Perdigão products at the supermarket

    Brazilian New Food Giant’s Goal: Conquer the Planet

    Sadia and Perdigão, Brazil's two biggest food companies announced on Tuesday, May 19, plans ...

    Brazil’s Financial Market Expecting Inflation Below 5% in 2006

    The first "Focus Bulletin" of the year, released today by Brazil’s Central Bank (BC), ...

    Brazil Opens World’s Largest Cow-Fat Biodiesel Plant

    The largest world factory converting bovine tallow into biodiesel will begin production next June ...

    Job Is Brazil’s Biggest Worry Now

    Brazil’s CNT/Sensus survey released today indicates that job creation is what most worries 48% ...