Brasília – In 2013, 85.4% of Brazilian industrial companies intend to invest, according to a survey conducted by the National Federation of Industry (CNI) and released this Tuesday (15th). The rate is the lowest of the last four years – the first survey dates from four years back. In 2012, 86.6% of companies intended to invest. In 2011, the rate was 92%.
According to the CNI, the two main hazards to investment in 2013 remain “economic uncertainty and reassessment of demand or high idleness rate.” The survey also reveals that difficulty getting credit and hiring labour force also discourage investment and cause concern among industrialists.
Most of the companies that intend to invest in 2013 (60%) will do so “mainly to proceed with ongoing projects. Another 40% intend to allocate the funds to new projects.”
The share of total forecasted investment aimed at serving the foreign market is the lowest in ten years. According to the survey, 80.6% of all companies that intend to invest in 2013 “are mainly or solely focused on the domestic market.” Only 4.7% are targeting the foreign market.
The CNI survey was conducted from October 25 to November 30. A total of 584 small, medium and large companies were polled.
*With information from the ANBA Newsroom. Translated by Gabriel Pomerancblum
