Brasília – The National Confederation of Industries (CNI) announced on Tuesday (6) that industrial activity returned to growth in July, as against the previous month. The use of installed capacity, however, dropped 0.3 percentage point as against June, and rose to 82.1%.
According to the Industrial Indices research, real revenues rose 0.6%, accumulating two months of growth, and hours worked on production grew 1.2%, after two months dropping in the same comparison.
CNI indicators show that the industrial labour market remained stable, with employment rising 0.1% from June to July. Salary indicators rose 3.5%, and real revenues 3.3%, maintaining the rhythm of growth, pointed out the confederation.
“These figures show facts up to July. Starting in September, we will have new monetary policy figures [with the lower Selic benchmark interest rate, cut to 12% a year, as announced by the Central Bank], with reflexes in credit. But there are ambiguous effects. In the domestic point of view, we have greater credit conditions, mainly for families,” said Flávio Castelo Branco, executive manager at CNI.
The International crisis, however, with the uncertainty of the global economy, may have an impact on industry in Brazil, according to Castelo Branco. To him, it is possible, in a scenery of turbulence and lower credit in the global economy, for there to be difficulty for country growth in the medium term.
*Translated by Mark Ament
