Cell Phones and TV Sets Spur Brazilian Industry

The 3.1% increase of the Brazilian industrial production in 2005, compared to 2004, was due to the increase in the production of durable consumer goods (11.4%), according to the Monthly Industrial Research, released today.

The numbers were compiled by the Brazilian Institute of Geography and Statistics (IBGE). Automobiles (13.1%), cell phones (43.9%) and TV sets (23.1%) had the best production performances.

The segment of semidurable and non-durable consumer goods (clothes, shoes, food, beverages, and medication) went up 4.7%, surpassing the industry average, which, according to the IBGE, had not happened since 1999. The segment of capital goods (machinery and equipment) also grew above the industrial average (3.6%).

"This result means that it is occurring an investment expansion, especially in areas other than industrial, such as in the production of equipments for electric energy, transportation, and construction, which reflects the confidence of the entrepreneur for making new investments", evaluated Sí­lvio Salles, head of IBGE’s Industry Coordination.

ABr

Tags:

You May Also Like

Brazil and Argentina Join Forces to Make Weapons

Argentina and Brazil are considering the joint manufacturing of different types of arms both ...

Sugar: After Win Against EU, Brazil Has Big Plans

The European Union (EU) will have to reduce its subsidies to sugar exporters. This ...

Fears Over New US Fed Chief Shake Brazil’s Stock Market

Brazilian stocks sank into the red Monday, February 13, as investors anxiously awaited the ...

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