Brazil has an increase of 5.8% in the industrial sector in October compared to 2023

There has not been such a powerful rise in the Brazilian industrial sector for a long time. The sector's performance indicates that perhaps 2024 will be the year with the greatest industrial growth of the decade.

According to the Brazilian government, compared to the same month of October in 2023, industry production increased 5.8%, being the fifth consecutive month of expansion. The accumulated index for the year also increased (3.4%), as well as in the last 12 months (3.0%).

According to the Brazilian government, compared to the same month of October in 2023, industry production increased 5.8%, being the fifth consecutive month of expansion. The accumulated index for the year also increased (3.4%), as well as in 12 months (3.0%).

The concern is that import growth in the same period was 17%. 

The injection of income made through government programs produces, in turn, a large injection of demand in the country, which makes the Brazilian economy grow.

The fiscal push is very strong in Brazil. As Brazilian industry is not globalized, that is, it meets the country's internal needs more. With people having more money in their hands, the industry responds with growth and more investment. Domestic demand, driven by government programs, helps the industrial sector. 

Another factor that helps the industrial sector is the valued exchange rate. With the US$ worth R$ 6,00, companies with a greater presence in the global economy, such as Embraer, benefit because their products are very competitive internationally. 

Furthermore, the country has unemployment at a minimum. The country has the lowest unemployment rate in the last 13 years. This, in turn, produces inflationary pressure, which has been a concern for both the government and the financial market, which, in Brazil, is ideologically driven and, often, contrary to the government not for rational reasons, but for divergences. policies. Much of the Brazilian financial market.

It is common to see profiles of influencers linked to the financial market in Brazil harshly criticizing the PT and the Lula government while these same influencers praised the Bolsonaro's government and the decisions of the then Economy Minister Paulo Guedes.

Bolsonaro did not follow the country's spending control law, in fact, he exceeded this limit by R$795 billion in the 4 years of his government. The Brazilian financial market has never been as "nervous" as it is now, despite several positive economic indicators under the Lula government.