São Paulo – The processing industry in the state of São Paulo increased its activity by 2.6% in July over the previous month, with no seasonal adjustments, and by 0.6% with seasonal adjustments, according to the Activity Level Indicator disclosed today (25th) by the Federation of Industries of the State of São Paulo (Fiesp). The indicator rose by 12.7% from January to July, and by 6.7% in the last twelve months.
The industry projects that there should be growth of 11% by the end of the year, and that for such, "the industry has to grow by 1% on average, starting in August," according to Paulo Francini, director of the Fiesp’s Research and Economic Studies Department.
According to Francini, the good industrial performance should be maintained because both income and credit continue to grow. He informed that six out of 17 sectors surveyed have grown: chemicals, food and beverages, minerals, pulp and paper, electric and electronic machinery and equipment, and aeronautical and railway transport equipment.
*Translated by Gabriel Pomerancblum
