Machinery exports up 55% in Brazil, industrial output highest since 2011Staff Writer | April 27, 2017
Machinery exports from Brazil increased by 55% in March from February and by 14.5% year-on-year in March.
LatAm Industrial production increased in Brazil
In the first quarter of the year, capital goods exports from Brazil fetched $1.9 billion, up 4.3% from Q1 2016.
However, since machinery imports to Brazil far outweigh exports, the country registered a deficit in capital goods trade both in March alone and in Q1 as a whole.
Industrial production increased markedly and in widespread fashion in March from February in Brazil, the National Federation of Industry (CNI) reported.
The production index was the highest for a March since 2011 at 54.8 points.
Despite the increase, job numbers kept declining – although the jobs indicator did go up, it fell short of 50 points at 47.5.
The information is from the Industrial Survey poll by CNI.
Indicators range from 0 to 100, with scores higher than 50 showing increments in production and jobs, and scores lower than 50 showing declines in production and employment.
The latest poll was conducted from April 3 to 17 with 2,339 corporate respondents. ■