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1,100 Exhibitors from 20 Countries Come to 14th Rio Oil & Gas, in Brazil
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More Popular Than Ever, Brazil's Lula Grants God Brazilian Citizenship
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Brazil's Lula Misses Top Prize of Municipal Elections: São Paulo
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G-7 Can't Solve Global Crisis Without G-20's Help, Says Brazil's Lula
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São Paulo-Orlando Daily: Brazil TAM's New Offer
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Brazilian University Gets Zero Energy Consumption Building
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Brazil Takes 30-Year Biofuel Experience to Energy Summit in the Middle East
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São Paulo, Brazil, in Pastel, Through Loving Italian Eyes
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Brazil Has Best Semester for Car Sales Ever: Close to 1.5 Million Units
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Brazil Supreme Rules that Civil Servant's Salaries May Be Shown in Internet
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Brazil's US$ 19 Billion Bullet Train to Be Built in Six Years
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Brazilians Take to the Streets Against Iran President's Visit
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Brazilian Industry Grows But Timidly |
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Written by Flávia Albuquerque
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Friday, 01 July 2005 |
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Industrial production in São Paulo rose 2.95% in May, compared to April. It was up 4.4%, compared to May 2004, and up 4.7% for the year. The numbers are from a survey by the state manufacturing federation (Fiesp, Federação das Indústrias do Estado de São Paulo).
In the Food and Beverages sector there was strong growth of 7.3% in May, compared to April. However, on the other hand, the sector is down 8.2% for the year.
Fiesp director, Paulo Francini, explains that while most industrial output is driven by exports and domestic consumer credit, the Food and Beverages sector depends on consumer income.
Machinery and Equipment was up 0.3%, which is considered low. Francini says the sector needs investments to grow and there has been a brake on investments.
Finally, the Office Supplies and Equipment sector had growth of 0.4% in May, a result, says Francini, of a crackdown on contraband and piracy.
ABr
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