São Paulo – The capital goods industry’s actual gross revenues declined by 5.8% in October when compared with September, at 7.1 billion reals (US$ 5.3 billion). In comparison with October last year, gross monthly revenues increased by 16.3%. The figures were announced this Wednesday (30th) by the Brazilian Machinery and Equipment Industry Association (Abimaq).
Year-to-date by the end of October, revenues stood at 67.51 billion reals (US$ 50.6 billion), representing an increase of 11.2% over the same period of last year. Mechanical capital goods industry revenues were driven up mainly by the agricultural machinery industry, whose revenues went up by 27.7%, and the goods on demand industry, whose revenues increased by 10.9% compared with the same period of 2010. The textile machinery industry had the sharpest decline in revenues during the period: – 48.2%.
In October, exports of capital goods reached US$ 1.07 billion, a 4.4% decline over September and a 10.3% increase over October last year. Year-to-date by the end of October, exports stood at US$ 9.69 billion, 30% more than in the same period of 2010.
*Translated by Gabriel Pomerancblum
