The apparent consumption from the Institute for Applied Economic Research (Ipea) was down 1.4% in August from July.
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During a seminar at the Arab Brazilian Chamber of Commerce, Saudi authorities told Brazilian executives about their country’s market, stressing that incentives are in place for industrial enterprises looking to move in.
The indicator from the National Confederation of Industry climbed in Q2 from Q1.
The organization’s secretary-general Tamer Mansour gave a lecture at the industry syndicate in Birigui, São Paulo. He discussed an economic forum due next year and a showroom in the Middle East.
Increase was recorded in August from July in survey by the IBGE. Year-on-year, it saw a decrease.
The Industrial Business Owner Confidence Index from the National Confederation of Industry hit 59.4 points in its third straight hike.
Out of 15 areas tracked by the Brazilian Institute of Geography and Statistics (IBGE), ten saw output go down last June.
The Ministry of Economy has increased the list of tax-free machinery and equipment items, in a bid to render them more accessible to companies.
The industry grossed BRL 6.75 billion, down 12% year-on-year, and exports are also on their way down.
Business meetings between suppliers and trade representatives will take place at the Chamber’s office on August 7. Event is held by SP Negócios and ABIESV. Registrations are open.
The increment was driven by non-oil sectors including services, industry, public works and agriculture.
The first half saw 17.2 million tons of raw steel manufactured, down 1.4% year-on-year. Exports were down 2.4%.
The Industrialist Confidence Index climbed 0.5 percentage point in July, to 57.4 points, however perception of the current economic scenario remains negative.
Most of the 15 states and regions in Brazil tracked by IBGE saw a decline in industrial output from April to May.
