{"id":25817,"date":"2007-12-11T07:35:00","date_gmt":"2007-12-11T09:35:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/industry-in-brazil-grew-6-until-october\/"},"modified":"2019-06-30T13:45:26","modified_gmt":"2019-06-30T16:45:26","slug":"industry-in-brazil-grew-6-until-october","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/industry-in-brazil-grew-6-until-october\/","title":{"rendered":"Industry in Brazil grew 6% until October"},"content":{"rendered":"<p><P><STRONG>Ag\u00eancia Brasil*<\/STRONG><\/P><br \/> <P>Rio de Janeiro \u2013 Brazilian industry ended the first ten months of this year with an accumulated growth rate of 5.9%. Industry has expanded in all of the Brazilian states surveyed, except for Cear\u00e1 (NE), where performance has remained stable. To the economist at the Industrial coordination of the Brazilian Institute for Geography and Statistics (IBGE), Denise Cordovil, the growth was driven by domestic demand. <\/P><br \/> <P>The IBGE was responsible for the survey. &quot;Even though exports are still making a positive contribution, the industrial growth recorded from January to October is directly linked to the rise in domestic demand. Factors that encouraged industrial activity this year, such as growing investment, more available credit and the expansion of income and employment, contributed to the advance of national production over the course of 2007,&quot; says Denise.<\/P><br \/> <P>In the assessment of the IBGE, the outlook is very positive, as four of the 14 locations surveyed have shown results higher than the national average: Minas Gerais (8.6%), Rio Grande do Sul (7.9%), Paran\u00e1 (7.6%) and Esp\u00edrito Santo (6.1%). In the first three states, higher rates reflect the warmer domestic demand for durable goods (automobiles and auto parts), the recovery of the agricultural sector (especially agricultural machinery) and foreign sales of commodities (iron ore, sugar and poultry).<\/P><br \/> <P>The states of S\u00e3o Paulo (5.8%) and Santa Catarina (5.7%) posted rates similar to the national average of 5.9%. The remaining growth rates range from 4.6%, for the industry of the state of Pernambuco, and 1.3%, for the state of Bahia. From September to October this year, still according to the IBGE, the 2.8% rise in industrial production is a consequence of expansion carried out in plants in 13 of the 14 regions surveyed.<\/P><br \/> <P>To that extent, the only exception was the state of Pernambuco, where production saw a 1.3% decrease. On the other hand, using the same basis for comparison, the state of Paran\u00e1 was the only one that posted a double-digit growth rate: 13.6%. Five other regions involved in the survey have also shown results higher than the national average of 2.8%: Rio de Janeiro (8.5%), Esp\u00edrito Santo (6.6%), Amazonas (5.4%), Goi\u00e1s (3.9%) and Bahia (3.0%).<\/P><br \/> <P>In comparison with October of last year, the rates point to a positive outlook, with growth in all of the 14 locations surveyed, five of which recorded double-digit rates. The states of Amazonas (15.4%), Paran\u00e1 (14.4%), Rio Grande do Sul (11.3%), S\u00e3o Paulo (11.1%) and Santa Catarina (10.6%) grew above the national average (10.3%).<\/P><br \/> <P>Below the average for the country, but also posting high growth rates, were the states of Minas Gerais (9.8%) and Esp\u00edrito Santo (9.2%). The remaining results were: Goi\u00e1s (5.3%), Rio de Janeiro (5.1%), Par\u00e1 (4.6%), Bahia (4.2%), Cear\u00e1 (3.7%), the Northeast (3.4%) and Pernambuco (1.3%).<\/P><br \/> <P>To the economist at the IBGE, data for the month of October attest to the dynamism of Brazilian industrial production. &quot;The data for October show that industrial production has remained dynamic in the first ten months of the year, with most of the sector presenting significant growth rates. Although I am not able to make forecasts for the next two months, we have already noticed that, over the course of 2007, there has been an overall expansion in the segments and locations surveyed,&quot; says Denise Cordovil.<\/P><br \/> <P><STRONG>*Translated by Gabriel Pomerancblum<\/STRONG><\/P><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A survey conducted by the Brazilian Institute for Geography and Statistics shows that industrial production grew 6% from January to October compared with the same months of 2006. According to the institute, the result is mainly due to the heating up of domestic demand.<\/p>\n","protected":false},"author":1466,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-25817","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"A survey conducted by the Brazilian Institute for Geography and Statistics shows that industrial production grew 6% from January to October compared with the same months of 2006. According to the institute, the result is mainly due to the heating up of domestic demand.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/25817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/1466"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=25817"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/25817\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=25817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=25817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=25817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}