Brasília – The rate of growth of industrial costs has retained the bearish trend which started in late 2012, the National Confederation of Industry (CNI, in the Portuguese acronym) has reported this Friday (6th). The Industrial Costs Index (ICI) was up 2% in Q2 this year from Q2 2012. The IC was up 5.8% in Q1 2013 and 6.6% in Q4 2012.
According to the CNI, the ICI’s lower rate of growth is mostly due to reduced spending on electric power, working capital, and taxes. In Q2 this year from Q2 2012, spending on electric power was down 16.1%, spending on working capital was down 5.7% and spending on taxes was down 5.3%.
*Translated by Gabriel Pomerancblum
