Brazilian industry's revenues down 4.9% in April

13:52, June 09, 2010      

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Brazil's industrial sector's revenues fell 4.9 percent in April compared with March, the country's National Industry Confederation (CNI) said on Tuesday.

It was the first decrease in the industry's revenues since January. Compared with April 2009, however, the industry's revenues were up 12.7 percent. In the first four months of 2010, the industry's revenues accumulated a rise of 12.1 percent compared with the same period last year.

According to the CNI, the industry registered a loss of dynamism in April, mainly due to the end of several fiscal stimuli that the Brazilian government had granted to the sector, in order to boost consumption and help minimize the effects of the international financial crisis.

"We had a pretty intense first quarter, and this accommodation was already expected," said CNI economist Flavio Castelo Branco. According to him, the confederation does not expect further decreases in the industry's revenues, but the growth rate should be lower from now on.

The use of the industrial sector's installed capacity reached 83 percent in April, up from 82.2 percent in March. The industrial employment was up 0.1 percent.



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