Brazilian industry still feels crisis effects: study

16:13, September 24, 2010      

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Despite the economic recovery, most of Brazil's companies are still affected by the international financial crisis, a report said Thursday.

According to a study released by the National Confederation of Industry (CNI), 59 percent of Brazilian companies reported that they could still perceive crisis effects, and 21 percent have been suspending investments since the crisis began.

Brazilian companies are frustrated with the foreign market. An estimated 51 percent reported that international demand had decreased, compared with pre-crisis levels.

However, 68 percent of Brazilian companies said that domestic demand is now equal or higher than before the crisis.

The CNI study was conducted in June and July on 1,353 companies all over Brazil.

Source: Xinhua

(Editor:王千原雪)

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