Friday, March 04, 2016

8.9% drop in trade in 2015 was pulled by the wholesale

River-the gross domestic product (GDP) of trade shrank 8.9% in 2015 compared to the previous year, reported on Thursday, 3, the Brazilian Institute of geography and statistics (IBGE). This performance was pulled over by the wholesaler sector than by the retailer, according to Rebeca Palis, Coordinator of national accounts of the organ.
According to Rebeca, the wholesale trade includes expanded retail segments, including vehicles and construction material, whose sales were lower last year. Not for nothing, the GDP of trade had the worst performance of the current series of IBGE, started in 1996.
In other services, there have been 6.5% GDP retraction of transport, according to the IBGE. "The industry related services suffered from negative performance of the transformation. The business services industry was more fell in 2015, "said Rebecca.
Extractive industry
The extractive industry was one of the few segments of the brazilian economy that featured breakthrough in 2015, with 4.9% in GDP high compared to 2014, according to the Brazilian Institute of geography and statistics (IBGE). "There was so much growth in iron ore production as oil," said Rebecca Palis.
The devaluation of the exchange rate also contributed to raise exports of these products, added Rebeca. Last year, the dollar has risen almost 50 percent against the real.
On the other hand, the positive performance in the year declined in the fourth quarter of 2015 with the occurrence of two events: the disaster on Mariana (MG), with the breakup of two dams of Samarco mining, which paralyzed the company''s production; and the strike on oil tankers.
"Extractive industry in growth trajectory, but in Q4 these two events disrupted the activity," said the Coordinator.
GDP of agriculture
High of 1.8% in the GDP of agriculture was the worst performance in the industry from 2012, when indentation of 3.1%, according to the IBGE. Soybeans and corn have ensured the advancement of the field last year, but important crops and livestock ended up harming the result.
Last year, soybeans grew 11.9% in volume produced, while corn advanced 7.3 percent, the IBGE. "These crops drove growth last year. On the other hand, important cultures had fall in agricultural production, such as coffee and orange, "said Rebecca Palis.
The production of coffee retreated 5.7 percent last year, while the volume harvested shrank 3.9% Orange before 2014. The wheat harvest also declined 13.4% in the period. "The livestock had favorable performance," added Rebeca.
Automotive industry
Pulled by the negative performance of the automotive industry, the manufacturing industry showed the biggest fall among the sectors of the industry in the last year ( -9.7%) in comparison to 2014. Following appear construction ( -7.6%) and production and distribution of electricity, gas and water ( -1.4%).
The automotive sector was affected by high interest rates, lower credit growth and the removal of the incentive tax on industrialized products (IPI) for the Government last year, said Rebecca.
Another thread that weighed on the performance of the manufacturing industry was the machinery and equipment, she said. In the list of main impacts for the manufacturing industry''s GDP figure even the activity of food and drinks. According to Rebecca, there was no sharp decline, but the sector has important weight.
"If we were looking at just the rate, food and drinks would not be on this list, because it was not a huge fall as the machinery and equipment and automotive. But it is a very important sector in the economy, "said the Coordinator.
Rebeca cited the fall in household consumption in the year was pulled over by the reduction of spending on goods than services. "In times of higher inflation, there are replacement products. Of course it (the sector) food and beverages will never have a fall as durable goods, but you can make exchanges, "he explained.
Import tax and IPI
The sharp drop of 7.3% of taxes on products in 2015 in comparison to 2014 was pulled by two taxes. The Imported products tax (IPI) and the import tax were the highlights in the period, according to Rebecca.
The first had a 13.9% drop last year before 2014, while the other had retraction of 17.1% in the period. The fall of import tax is linked to the fall in the volume of imported goods in the wake of the currency devaluation and the performance of economic activity, Rebeca de La Rocque stopped Palis, Coordinator of national accounts.
Meanwhile, the result of the IPI was influenced by the negative result of the processing industry. Already the GST, which has a greater weight on the taxes on products, but at a smaller proportion retracted, of 6.6%, stood out. Other taxes on products had 6% drop.
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