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Article: Brazil : companies decrease production.
- Article from:
- South American Business Information
- Article date:
- July 27, 2001
CopyrightCOPYRIGHT 2001 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Brazil, Jul 25, 2001
According to a research developed by FGV (Fundacao Getulio Vargas) energy power rationing program, the valuation of the US$Dollar, high interest rates and the Argentinean crisis have provoked a drop in the installed capacity of the Brazilian industrial complex. It decreased from 83,9% in April 2001, to 81,1% in July. In capital goods sector the drop reached 83,6% in April to 76,4% in July 2001. The retraction in automotive sector reached 16,32% in June 2001. Textile producers from Minas Gerais state as Cedro Cachoeiro and Fiacao e Tecelagem Sao Jose are operating with ...
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