São Paulo – The Brazilian machinery and equipment industry plans to invest 8.9 billion Brazilian reals (US$ 4.9 billion) this year, which represents growth of 20% over last year. The figures were disclosed today (24) by the Brazilian Machinery Manufacturers Association (Abimaq).
Last year, the sector invested 7.43 billion reals (US$ 4 billion). In January this year, there was 26.1% reduction in nominal sector revenues when compared to the same period in 2009.
*Translated by Mark Ament
