Rio de Janeiro \u2013 In July this year, industrial output in Brazil grew for the seventh month running. Figures from the Monthly Industrial Survey \u2013 Physical Output, published today (31st) by the Brazilian Institute for Geography and Statistics (IBGE), show that performance in July, which was 2.2% stronger than in June, exceeded the average monthly growth rate for this year, which is 1.5%.<\/p>\n
According to the Analysis and Derived Statistics manager of the IBGE, Isabella Nunes, this is one of the best results this year, on par with February\u2019s and second only to January\u2019s. Nevertheless, performance in January, with growth of 3%, was only better because the month against which it is compared \u2013 December 2008 \u2013 marked the peak of the economic crisis in Brazil, with a reduction of 12.5%.<\/p>\n
According to Isabella Nunes, performance was driven mainly by the good results achieved by the durable consumer goods industry, in particular automobiles, motorcycles and white-line items, such as refrigerators and stoves.<\/p>\n
\u201cThis increase in production of final goods impacts on the production chain, especially intermediate goods linked to the ironworks industry \u2013 which saw some previously idle ovens return to operation \u2013, to the chemical and rubber industries, which are mainly suppliers to the automobile and electric appliance production chains,\u201d she said.<\/p>\n
According to Isabella Nunes, the positive result in durable goods production is a consequence of increased domestic consumption, boosted by incentives such as the reduction in the Tax on Industrialised Products (IPI) and the resumption of credit in the country.<\/p>\n
In comparison with December 2008, the month when the crisis peaked, there was growth of 12% in July. Nevertheless, the industrial sector has not yet managed to recover the losses accumulated in the process, and the production level is now 10.6% lower than the record-high figure recorded in September last year. In comparison with July last year, the rate of reduction is 9.9%.<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The information was disclosed today by the Brazilian Institute for Geography and Statistics. Activity in July was 2.2% higher than in June. The performance was driven by durable consumer goods.<\/p>\n","protected":false},"author":2315,"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-32010","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The information was disclosed today by the Brazilian Institute for Geography and Statistics. Activity in July was 2.2% higher than in June. The performance was driven by durable consumer goods.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/32010","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\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=32010"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/32010\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=32010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=32010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=32010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}