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Montevideo, November 17th 2017 - 21:14 UTC

Tag: Brazilian industry

  • Monday, November 6th 2017 - 08:37 UTC

    Brazilian industrial activity reports its best September since 2013

    With this result, Brazilian industrial production increased 0.4% in the accumulated in 12 months, after 39 months of negative results in the same comparison basis.

    After two years of the most severe recession facing Brazil, economic indicators continue to mark a more positive horizon for the Brazilian economy. Data released by the Brazilian Institute of Geography and Statistics (IBGE) show that the Brazilian industry is heading for a recovery scenario.

  • Tuesday, March 10th 2015 - 06:56 UTC

    Renewal of car quotas with Mexico reveals shortcomings of Brazilian industry

    “We need to deal with our competitiveness issues before reaching a free-trade agreement with any nation,” said Moan, head of Brazil’s auto-maker association

    Brazil and Mexico announced the renewal of vehicle quotas for four years, delaying the implementation of a free-trade agreement between the two countries. Under the new agreement, Brazil and Mexico will permit $1.56 billion of duty-free vehicle imports for the first year of the agreement. That amount will rise 3% each year until the agreement expires, in 2019, when they’ll return to a free-trade regime.

  • Monday, September 29th 2014 - 08:47 UTC

    Opening the economy “would be a disaster for Brazilian industry” states Rousseff minister

    Trade minister Mauro Borges warned about the 'mexicanization' with 'maquiladoras' of the Brazilian economy

    Anticipating what could be policy under a second government of President Dilma Rousseff, her Trade Minister Mauro Borges told Brazilian daily Folha do Sao Paulo that opening the country to more foreign trade would be a “disaster for Brazilian industry” and lead to the “mexicanization” of the economy, in reference to the light assembly factories known as “maquiladoras” that dominate Mexico’s non-oil exports.

  • Thursday, July 3rd 2014 - 06:40 UTC

    Brazilian industry contracts for the third month running in May

    Brazilian manufacturing has remained largely unresponsive to a string of more than two dozen government stimulus initiatives

    Brazilian industrial output fell for the third straight month in May despite efforts from government to prop manufacturing through stimulus measures. Industrial production in Brazil fell 0.6% in May from April, and 3.2% from the same month a year ago, and 1.6% in the five months of 2014, government statistics agency IBGE said on Wednesday.

  • Thursday, October 3rd 2013 - 21:46 UTC

    Brazil industry production unexpectedly stalls in August

    President Rousseff has been trying to reactivate the manufacturing sector

    Brazilian industry production unexpectedly stalled in August, as factories reduced the output of consumer goods. Industrial output was unchanged in August after tumbling a revised 2.4% in July, the national statistics agency said in Rio de Janeiro.

  • Thursday, September 26th 2013 - 06:39 UTC

    Brazilian industry forecasts higher GDP growth this year: 2.4%

    However consumer spending, the main engine in recent years is expected to increase a weak 1.9%

    The Brazilian industrial federation on Wednesday upped its 2013 growth forecast to 1.4% from 1% and its GDP growth projection from 2% to 2.4%. But, despite the better data, the National Confederation of Industry (CNI) urged caution. “The improved economic outlook is no guarantee of a strong growth rate,” it said.

  • Monday, August 1st 2011 - 06:21 UTC

    Brazil ready to announce 30bn dollars tax relief for industry

    US default or no default, Brazil is prepared say Rousseff and Mantega

    Brazil is prepared for the event of a United States default if no agreement is reached in the US congress on the debt ceiling and will also implement a 30 billion dollars tax relief program to prop Brazilian industry competitiveness, announced Finance minister Guido Mantega.