Brazil - Brazzil Mag - Brazil Blames Interest Rates for 13% Decline in Industrial Sales
Advertisement
  Home Friday, 27 November 2009 
Main Menu
Home
News
Back Issues
Advertising
Contact Us
Brazil Forum
Magazine
Brazzil Classic
Yellow Pages
Classifieds
Images
BrazzilMag Newsfeed
Custom Search
Amazon Body Care

BetterTrades is here to provide the best stock market education and coaches. Freddie Rick is here to teach you about trading and investment .
--------------

-------------
Brazil /Organic personal skin care wholesale / Brazil
--------------
Using your phone overseas
Who's Online
We have 212 guests online
Latest News
Statistics
Members: 494
News: 11478
Web Links: 0
User Menu
Your Details
Submit News
Check-In My Items
My Comments
Login Form





Lost Password?
No account yet? Register
Most Read
Related Items
Contribution
Have you got news?

Do you have news, comment or story on Brazil you want to share with Brazzil? Just send it our way to brazzil@brazzil.com.

 
The Latest from Brazzil Magazine
Home
Brazil Blames Interest Rates for 13% Decline in Industrial Sales PDF Print E-mail
Written by Roberta Lopes   
Tuesday, 07 February 2006

Industrial sales in Brazil grew 2.03% last year, less than in 2004, when the sector increased its sales by 15%. The figures that register this slowdown appear in the National Industrial Confederation's (CNI) study, Industrial Indicators.

The CNI's executive secretary of economic policy, Flávio Castelo Branco, attributes the slowdown to high interest rates and the appreciation of the real in relation to the US dollar.

Castelo Branco also suggests that sales growth in 2005 was disappointing compared with what was expected. "We began 2005 with very high expectations, generated by the growth in 2004. Over the course of the year, the economy cooled, and, despite the positive figures, there is an air of frustration," he affirmed.

Despite the weak sales performance, the industrial job market did not mirror this trend. Employment was up 4.18% in 2005, in comparison with 2004. Moreover, industrial workers' purchasing power rose 8.10%, in comparison with 2004.

According to CNI economist Paulo Mol, workers are able to buy more as a result of the drop in inflation.

"Salaries were readjusted in 2005 in line with a high inflation rate [that of 2004], and since inflation [in 2005] was less than the salary readjustment, the hike in purchasing power was not wiped out. This difference is what leads to gains in purchasing power," he observed.

Industrial employment is expected to grow in 2006 as well, but at a lower rate than in 2005.

The CNI expects that industrial growth will accelerate in 2006, stimulated by lower interest rates.

"In 2005 the economy was mainly affected by the monetary policy practiced in 2004. What basically restrained the economy were the high interest rates. This was the chief factor that caused the currency to appreciate and the economy to decelerate.

"If the decline in interest rates intensifies in the early part of this year, it may begin to produce positive results in the second and third quarters of 2006," Castelo Branco commented.

Agência Brasil

Hits: 6579
Comments (3)Add Comment
How strange Brazil is !
written by Guest, February 07, 2006


When things go right it is because they did the right things.

When things go wrong it is because of ...whatever...but certainly not themselves !

That is not how one learn from his own mistakes !
report abuse
vote down
vote up
Votes: +0
Industrial growth will accelerate !
written by Guest, February 07, 2006


Just look at what Volvo Brazil said : they expect a reduction of 90 % (YES 90 %) in truck exports.

Good acceleration....but on the downside !
Almost an.....IMPLOSION !
report abuse
vote down
vote up
Votes: +0
In an election year in Brazil.....
written by Guest, February 07, 2006


....rosy economic projections can be more rosy than ever !

Guess why ! -smilies/wink.gif)))
report abuse
vote down
vote up
Votes: +0

Write comment
quote
bold
italicize
underline
strike
url
image
quote
quote
smile
wink
laugh
grin
angry
sad
shocked
cool
tongue
kiss
cry
smaller | bigger

security code
Write the displayed characters


busy




Reddit!Del.icio.us!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Newsvine!Furl!Yahoo!Ma.gnolia!Add this social bookmarking functionality to your website! title=
 
< Prev   Next >
Brazzil Magazine on Twitter


Visit Brazzil Social with Video, Music and Chat


Home
Brazzil Magazine - Since 1989 trying to understand Brazil
  • Poor Women from Northeast Brazil Learn Joy of Meeting and Helping Each Other


    Joined hands 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.

  • Ahmadinejad's Visit: Iran, Honduras and Brazil's Hypocrisy in Dealing With Them


    Ahmadinejad and Lula 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.

  • Lula Is About to Fulfill His Wish of Getting His Good Friend Chavez in Mercosur


    Lula and Chavez 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.

  • Denying Education is the Other AIDS. And Brazil Is Guilty of Inflicting It


    Children from a Diadema band 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.

  • Child Labor Went Down in Brazil, But 5 Million Underage Workers Are Still Way Too Many


    Child labor in Brazil 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.

  • Some Humility Would Do Lula Good. On Human Rights Brazil Has Long Way to Go


    A prison in Rio de Janeiro, Brazil 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.

  • Brazil's Amazon Rainforest Policy Is a One-Way Road to Disaster


    Trasamazonian road in BrazilDepletion 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, Brazil's Miniskirt Student, Should Try US College Next Year


    Geisy Arruda from BrazilGeisy 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.

  • Vigilante Groups in Brazil Trump Drug Gangs and Become Rio's New Authority


    Brazilian favela in Rio 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).

  • Brazil Police Use Press Coverage as Green Light to Kill and Invade Houses in Rio


    Rio police in a favela 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.