São Paulo – The Brazilian machinery and equipment industry had revenues of 5.29 billion Brazilian reals (US$ 3 billion) in February, 12.3% over the total registered in January. In comparison with February last year, there was growth of 23.5% in revenues. In comparison with the result for February 2008, however, revenues last month were 14% lower.
The figures, disclosed by the Brazilian Machinery Manufacturers Association (Abimaq) today (24), take into consideration nominal revenues.
In the accumulated result for the first two months of the year, revenues totalled 10 billion reals (US$ 5.6 billion) 20.8% more than the accumulated result for the same period in 2009, which were 8.7 billion reals. Discounting inflation in the period, the growth in revenues was 21.6%. However, if revenues in the first two months of 2010 are compared to the same period in 2008, the result is retraction of 14%.
*Translated by Mark Ament
