Brazil’s Industrial Production Rises but Sales Remain Low

Brazil’s Industrial Production Rises but Sales Remain Low

Chamber Articles Category: Industry News Post Date: 07/06/17 Source: The Rio Times By: Lise Alves
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Industrial production in Brazil registered a growth of 0.8 percent in May according to data from the IBGE (Brazilian Statistical Bureau). Although this is the second consecutive positive rate recorded by the Brazilian industry, some sectors, like the automobile industry still forecast weak months ahead.

With the results of May, the industry has accumulated a growth of 1.9 percent in the last two months, compensating for the retraction by 1.6 percent seen in March. In the annual comparison (May 2017/May 2016) this year’s results accumulated a growth of four percent, the highest growth of year/year since February of 2014.

Although in the first five months of the year industrial production registered a growth of 0.5 percent, in the accumulated result of the last twelve months production continues to in negative territory, with a 2.4 percent decrease.

IBGE manager, André Macedo, says although there is a clear improvement in the rhythm of Brazilian industrial production, he admits that the country’s industry is ‘still far from recovering what has been lost’.

“This increase in industrial production needs to be relativized,” Macedo told reporters during the presentation of the results. “There has been an improvement in the rhythm, but there is still an important space for industry to recover from the losses of the past.” Read Full Article