São Paulo – Machinery and equipment industry revenues stood at R$ 7.2 billion in May, up 8.9% from April. From May 2012, the figure is down 1.7%. From January through May 2013, the industry posted R$ 30.8 billion (US$ 13.8 billion) in revenues, down 7.6% from January through May 2012. The figures have been released this Wednesday (26th) by the Brazilian Machinery and Equipment Industry Association (Abimaq).
“The good performance in May confirms the resumption of revenues. Year-to-date, the amount was lower than in the same period of 2012, a decline which is partly owed to reduced exports,” according to a press release from Abimaq.
The industry exported the equivalent of US$ 1.03 billion in May, up 14.1% from April. From January through May, however, exports amounted to US$ 4.4 billion, down 16.4% from the same period in 2012.
In May this year, US$ 2.65 billion worth of machinery and equipment were imported, down 4.3% from April. From January through May, imports stood at US$ 13.2 billion, up 1.5% from the same period in 2012.
*With information from the ANBA Newsroom. Translated by Gabriel Pomerancblum
