São Paulo – The industry of the state of São Paulo ended the year of 2010 with a 9.9% increase in its Activity Level Indicator (INA). It was the next-to-best performance in eight years, second only to 2004, when there was an increase of 13.2%. The figures were disclosed this Thursday (27th) by the Federation of Industries of the State of São Paulo (Fiesp).
According to a statement issued by the organization, the industry of the state has returned to the pre-crisis activity level recorded in September 2008. The machinery and equipment sector ended the year with growth of 24.4%, more than double the performance of general industry. In 2009, the segment ended the year with a 25.2% decline in its level of activity.
Another sector that has grown was basic metallurgy, at 9.7%. In 2009, the segment, had recorded a decline of 17.2%. The non-metallic minerals industry also recovered and grew by 7.7% in 2010, after a 4% decline in 2009.
The director of the Fiesp’s Economic Research and Studies Department, Paulo Feracini, said in an interview to Agência Estado that for 2011, the Fiesp forecasts growth of 4.5% for the level of activity of the industry of São Paulo. According to him, the increment will be smaller because of the basis of comparison.
*Translated by Gabriel Pomerancblum
