Industry strong step in the brake
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The production of Brazilian industry has historically fall in December: 12.4% ahead to November, direct effect of the global crisis. It was the worst result since December 1991 when the series began the search of the IBGE (Brazilian Institute of Geography and Statistics).
With the result, the production returned to the level of March 2004. On December 2007, the decline was 14.5%, also record. Falls occurred in 25 of 27 sectors in comparison with November and 23 of 27 sectors before December 2007.
"The fourth quarter of 2008 against the previous quarter, with decline of 9.4%, interrupted sequence of 12 consecutive quarters of growth, when the industrial sector gained 16.5%, pointing to a reversal in the short space of time" , said Isabella Nunes, an economist for the coordination of industry IBGE. Accumulated in the year 2008, the production record high of 3.1%, compared with 2007.
The performance of the automobile industry, with falls of 39.7% compared to November, and 49.5% before December 2007, was the main negative impact and also the largest series in the two bases of comparison. Isabella highlights that the segment has been affected by credit restrictions in Brazil from October.
Other sectors with poor performance: machinery and equipment (-19.2%), electronic material and communication equipment (-48.8%), basic metal (-18.3%), rubber and plastic (-20.1% ), extractive industry (-11.8%) and other chemical products (-9.0%).
The only sectors with high were pulp and paper (0.4%) and other transport equipment (6.7%).
CNI already see the scene of recession
The CNI (National Confederation of Industry) now sees the possibility that Brazil REGISTRE technical recession, or two quarters followed by a decrease in economic activity. According to CNI, the industry's sales sank 16.2% in the last quarter of 2008. In the same period, the hours worked - an indicator of the level of activity - and employment retreated 19.2%, 3.4%.
Manager-Executive Office of Economic Policy of the CNI, Flávio Castelo Branco said the search of the IBGE. Said the industrial production figures show a decline of almost 20% in three months. In December, the monthly survey CNI recorded the worst results of the last six years. Employment fell 0.5% on November and the hours worked retreated 8%. The rate of capacity of the industry was the lowest since April 2006 (80.2%).
Source: This Day Online
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This article was translated by an automatic translation system, and was therefore not reviewed by people.
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