|
Brazilian auto output and sales slumped in October, as high interest rates and a strong local currency appeared to discourage buyers here and abroad, manufacturers said Friday, November 4.
Auto production fell to 191,326 units in October, down 7.9 percent from September although 0.5 percent higher than the same month a year earlier, the Brazilian Motor Vehicle Manufacturers Association, or Anfavea, said.
Domestic sales fell to 130,178 units, down 4.7 percent from September and 1.1 percent lower than in October 2004, according to Anfavea.
Exports also declined in October to 61,792 vehicles, down 16.6 percent from a month earlier and down 1.7 percent from the same month in the previous year.
Export revenues slumped to US$ 969.2 million (-812.2 million), 7.2 percent lower than in September but up 15.3 percent from a year ago, Anfavea said.
The decline in foreign sales appeared to reflect the strengthening of the Brazilian real, which has gained more than 15 percent against the U.S. dollar this year. Local buyers were discouraged by high interest rates, which peaked at 19.75 percent as the government tried to reduce inflation.
But consumers may be encouraged by a recent decision by Brazil's central bank to reduce interest rates. In October, the bank cut the benchmark Selic interest rate to 19 percent _ the second consecutive monthly reduction.
Total Brazilian auto production in the first 10 months was 2.035 million vehicles, up 11.8 percent from the same period of 2004, Anfavea said.
Domestic sales in that period were 1.304 million units, 7.5 percent higher than a year ago, while exports expanded 29.3 percent, to 685,088 vehicles.
Export revenues for the first 10 months of the year were $9.310 billion (-7.8 billion), a up 35.9% from the same period of 2004. This article appeared originally in Pravda – www.pravda.ru.
 |
Subscribe to this comment's feed
The small, coastal town of Condé is located just a twenty minute's drive from João Pessoa, the capital of Paraíba. The Northeast of Brazil has historically been a place of encounter and mixing between peoples. For millenia groups of indigenous people fished, farmed, migrated and sometimes fought along this large, fertile area. 
The Brazilian diplo-MÁ-cia (bad diplomacy) carries on its accelerated course towards the non-acknowledgment of human rights, although sometimes it takes pleasure in saying that it does precisely the opposite. The visit of Iran's president, Mahmoud Ahmadinejad, is another example of a diplomatic omission that verges on hypocrisy. 
On July 4, 2006, representatives of Argentina, Brazil, Paraguay and Uruguay met in Caracas to sign the protocol for the entrance of Venezuela into the Southern Common Market (Mercosur). After two and a half years, the protocol was approved by the legislative bodies of Argentina and Uruguay, and as of now it may be only days away from being ratified by the continent's economic megalith, Brazil. 
Some sectors of the fight against AIDS have suggested that Thabo Mbeki, the former president of South Africa, committed genocide through his absence from the fight against the illness in his country throughout his two terms. 
One hundred and eleven years after Brazil abolished slavery, the number of workers deprived of their freedom is still huge. They raise cattle, produce charcoal, sugar cane or timber. Some of them, most undocumented Bolivians, work in basements of small apparel factories in São Paulo and other metropolis. 
On November 7, 2009 a few friends and I had an opportunity to take a look inside a Brazilian jail outside the city of Rio de Janeiro. We were able to take some amateur footage of our experience on video (see link below). It's no surprise, of course, that the typical Brazilian jail lacks some of the functionality of those in North America or Europe, but our experience that day was quite shocking. 
Depletion of the Amazon Rainforest is not a new concern facing environmentalists, biologists, ecologists, and a growing number of the Amazonian indigenous peoples. For decades they have feared for the fate of the world's most biologically diverse and species-rich hothouse. 
Geisy Arruda made history this week in Brazil, but for all the wrong reasons. What began as a poorly planned fashion statement has become a worldwide tale. Geisy decided to wear a pink mini-dress to her private college in São Paulo state, and after that, all hell broke loose. 
The push of vigilante groups in Rio de Janeiro's favelas (shantytowns) in the last three years is the most important and alarming information of the just-released study by the Rio de Janeiro University's Violence Research Center (Nupev-Uerj). 
A dispute over drug trafficking territory in Rio de Janeiro has intensified lately, leaving in its wake unprecedented acts of violence, such as the downing of a police helicopter in the northern zone of the city on October 17. Three policemen died and another two were injured. This event has drawn the attention of the international media, who are raising the issue of public security for the 2016 Olympics to be held in Rio.
Revolt against the Brazilian communists whom probably voted for, that wold be something.
Revolt for better education of our people, that so we can compete, negotiate and win !!!
Dont forget mexico makes alot of money on Brazilians trying to get to the usa, who to blame !!! People like you who blame everyone else for our problmes!!
Im sick and tired of hearing that its someone elses fault !!! South americans and mexicans have only ourselves to blame. We vote our politions into these positions, so get over it.