Brasília – The National Confederation of Industries (CNI) evaluates that measures taken by the government for reduction of the price of electric energy and of taxes levied on the pay sheet may cause a lowering of production costs. The forecast was made by the executive manager at the research unit at the Confederation, Renato da Fonseca.
"The effect of the measures is not immediate. The benefits are transferred from company to company and prices are suffering changes in a process of re-feeding the chain,” said the economist.
The CNI disclosed on Thursday (24) a research on the production cost of Brazilian industry. There was 10.6% growth in the third quarter of last year, as against the same period in 2011. The tax burden rose 7.1%, according to the Industrial Cost Index.
The cost of money for turning capital dropped 30.7%, but was not enough to contain expansion in industrial cost. In the transformation industry, there was worsening in loss of competitiveness of Brazilian products due to hardships in the areas of logistics and innovation. The depreciation of the Brazilian real against the dollar stunted greater loss of competitiveness, said Renato Fonseca.
*Translated by Mark Ament
