• Categories
  • Archives

Brazil Industry Grows 3.3% Led by Autos, Metallurgy and Food

Brazil food The sectors of automotive vehicles, basic metallurgy, and food and beverages have led Brazilian industry sales in July. Compared with the month of June, sales increased by 1.2% in the seasonally adjusted series.

From January until July, sales recorded an accumulated growth of 3.3% in comparison with the same period of 2006, according to the Industry Indicators survey, disclosed by the National Confederation of Industries (CNI).

According to the survey, conducted among large and medium-sized companies of 12 Brazilian states, the sales performance and the positive result of the remaining indicators attest to the expansion of production.

Hours worked in production rose by 0.8% in July compared with June, in the series free from seasonal influences. During the same period, employment rate in the industry increased by 0.3%, and the use of the installed capacity increased to 82.6%.

The CNI survey highlights the fact that the employment indicator has been on the rise for 20 months in a row now. From January until July, the indicator records a 3.5% increase in comparison with the same period of 2006. The food and beverages sector has led hirings this year so far, at a 9.4% expansion.

The rise in employment is being accompanied by wages. The remuneration paid to industry workers, which, in addition to the salary, includes rewards, bonuses, and others, increased by 2.6% in July compared with June, and records a 4.9% increase for the year.

The food and beverage industry is also the main responsible for the expansion in the industry payroll. Remuneration to employees in the segment rose by 15.5% from January until July, compared with the same period of last year.

CNI

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Your email address will not be published.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

Brazilian President Considers Tapping Into Foreign Reserves to Raise Cash

Brazilian president Dilma Rousseff said that her cash-strapped government could consider tapping into Brazil’s ...

Brazil’s TAM and Gol Sell Air Tickets to Be Paid in 48 Months

Brazil's Gol and TAM airlines, which between them account for close to 90% of ...

Brazil Says in US It’s Deserving of Investment Grade Rating

Brazil’s Secretary of the National Treasury, Joaquim Levy, stated that the Brazilian mission that ...

Brazilian Exports Fall Close to 4% and Imports 5%

Exports from Brazil in June decreased 3.87% when compared to May but was still ...

Brazil’s Petrobras Creates Biofuel Division, a US$ 1.5 Billion Investment

Petrobras, Brazil's state-controlled oil multinational, plans to invest US$ 1.5 billion in the biofuel ...

US Expert Pans Brazil for Being Land of Cheap Smoke

Jonathan Samet, an epidemiologist at Johns Hopkins University in the United States and considered ...

Brazilian Primary Surplus Reaches US$ 37 Billion in 2008

Brazil's public sector's economy, which includes federal government, states, cities and state-owned companies, to ...

Brazil’s “New Alternative” Campaign Bears Fruit in Middle East

Brazilian companies participating in the Big 5 Show, the largest trade fair in the ...

In Brazil, Global Call Urges a New Global Economic Order

The Global Call to Action against Poverty, launched this week at the World Social ...

They Don’t Speak Spanish in Brazil (Excerpts)

The ignorance level regarding Brazil is higher than you might presume. I once spoke ...