Showing posts with label Brazilian Industry. Show all posts
Showing posts with label Brazilian Industry. Show all posts

Thursday, 14 May 2020

COVID-19 takes down Brazilian industrial production

According to IBGE (Brazilian Institute of Geography and Statistics) today, the coronavirus pandemic led to the fall of industrial activity in the country from February to March. This is what the Regional Monthly Industrial Survey points out. It is the first time in eight years that all 15 surveyed locations have retreated. The closest to this result occurred in May 2018, with the truckers' strike, which brought down industrial production in 14 of the 15 locations.

According to a survey carried out in partnership by the Brazilian Institute of Economics, of the Getulio Vargas Foundation (FGV / Ibre), and The Conference Board (TCB), Iace (Compound Background Indicator of the Brazilian Economy) fell 10.1% in April of 2020 in compared to March of the same year. The index fell from 112.6 to 101.2 points, the biggest drop in the historical series started in 1996.


Saturday, 3 August 2019

Industrial production in Brazil falls 0.6% in June 2019 and has a second negative month in a row

Brazilian industry fell by 0.6% in June 2019, following a decrease of 0.1% in May 2019. The loss of pace in the sector reflects the reduction in production in 17 out of 26 activities and in all major economic categories of goods. intermediary, consumer, and capital markets.

The Brazilian industrial sector accounted for 25% of GDP in 1985. Now represents about 13%.

According to the website O Cafezinho, for the Institute for Industrial Development Studies (IEDI), between 1980 and 2017, the Brazilian manufacturing industry grew by only 24%, while the world industry grew by 204% and the world excluding China increased by 135%. The United States grew at the same pace as the world outside China. Most developing countries grew above the world economy and most developed countries below. The Chinese case is unique because China has increased the size of its industrial park by more than 40 times. South Korea has increased 17 times, Indonesia and India 12 times, Malaysia and Ireland 11 times.

To Ha-Joon Chang, professor of economics at Cambridge University, "Brazil is experiencing one of the largest deindustrializations in the history of economics."

The participation of industry in the Brazilian GDP has been falling since 1986. It is deeply necessary for Brazil to grow again, to combat poverty again and to stop deindustrialization.

The government needs to re-engage in an industrial policy aimed, for example, at the Oil and Gas industries, the health industrial complex, the agribusiness industry (creating a favorable scenario for the emergence of industries of agricultural supplements, fertilizers, etc.), integrating the Brazilian industry with the whole of international trade.


Wednesday, 8 May 2019

São Paulo and Pará pull down Brazilian industry in March, according to IBGE

The drop of 11.3% in industrial production in Pará and 1.3% in the industry of São Paulo in March 2019 were the main influences for the result of -1.3% of the national industry. This is what the Regional Monthly Industrial Survey, published today by IBGE, shows.

Iron ore represents more than 80% of the industry of Pará, any oscillation in this sector affects drastically the industrial activity of that Brazilian state.

In São Paulo, the motor vehicle industry was the one that had the biggest reduction in its production. Part of this happened due to the rains of March that flooded the courtyards of the companies located in the region of the ABC of São Paulo, hindering the production. Another factor is the country's poor economic performance, which harms sales of cars.

As in Argentina, the Brazilian automotive industry is one of the most affected by the economic crisis affecting the region.


Brazil to Host World's Largest Biogas Plant, Pioneering Sustainable Energy

The Louis Dreyfus Company (LDC) marks construction commencement of the world's largest biogas plant from citrus effluents, which is loc...