From the Newsroom*
São Paulo – Minas Gerais industry produced 9.7% more in April in comparison to the same month last year. This information was disclosed by the Brazilian Institute for Geography and Statistics (IBGE). The result obtained by industry in Minas, well above the Brazilian average, which was 6%, is the best result since June 2005, when the increase in production was 10.6%.
The accumulated result for the first quarter of the year is also expressive, with growth of 6.8%, over the Brazilian average of 4.3%. In comparison with April 2006, the mining industry rose 11.5%, powered by the production of iron ore, due to investment in expansion that is being made by mining companies.
*Translated by Mark Ament
