Brasília – Buoyed by higher expenditure on personnel, energy and intermediate goods, Brazil’s industrial costs indicator was up 1.1% in Q2 from Q1 in season-adjusted numbers. Year-on-year in Q2, costs were up 3.5%, the National Confederation of Industry (CNI) reported this Friday (4).
Energy spending has been on an upward curve since late 2016. It was up 2.1% in Q2 from Q1 in season-adjusted figures, driven by a 5.1% hike in fuel oil and a 1.3% hike in electricity. Spending was up 1.1% on personnel and 1.7% on intermediate goods. Tax-related spending was down 0.6% and working capital spending was down 3.7%.
Translated by Gabriel Pomerancblum
