Brazilian business closes 2019 with frustrated expectations

The Brazilian business company ended 2019 with frustrated expectations. The Industrial Activity Index, calculated by the Brazilian Automation Association based on the registration of product barcodes, ended with a drop of 8.4% in the intention of launching between January and December. Seal. The data reinforce what the Monthly Industrial Survey – Regional Physical Production, of the Brazilian Institute of Geography and Statistics (IBGE) has already shown. According to data published today, industrial production shrank in ten of the 15 sites surveyed in November 2019 compared to the same month a year earlier. Exception. Despite this, the beverage and clothing and accessories industries have nothing to complain about. These sectors released 8.6% and 1.7% more products last year than in 2018, respectively. What about the resumption? The expectation of the business was anchored in the performance of the first two quarters of 2019, which had significant growth compared to the year immediately before. As of July, however, according to Association President Virginia Vaamonde, there was a slowdown in the launch of products with a lower than expected result in the third and fourth quarters.