Brasília – After going downhill from 2014 on, investment in Brazilian industry increased in 2017 and is expected to keep doing so in 2018. So says a survey made public this Wednesday (23) by the National Confederation of Industry (CNI), according to which 76% of industrial companies made investments of some kind last year – the strongest number since 2015. Moreover, 81% of respondents claimed they plan to make some sort of improvement in 2018 – the strongest result since 2014.
According to the poll, 75% of investments last year were paid for by businesses themselves. Funding from development banks dropped to 10% of total investment in 2017, the lowest share since record-taking began in 2010.
Machinery and equipment were met with the most investment, followed by purchases of new technologies. Competitional concerns in connection with a domestic market pickup led businesses to focus on innovating in processes and products.
The CNI polled 632 large industrial businesses, with staffs of 250 or more, from January 24 to March 19.
Translated by Gabriel Pomerancblum
