Brazil’s industry ‘reaches record high’
Industrial sales in Brazil rose to a record high during the first seven months of the year, Brazil’s National Industry Confederation announced – something which may interest Brazilian property investors.
Between January and July, Brazilian industrial sales grew by nine per cent compared with the same period in 2007, China News has reported.
Paulo Mol, economist for the group, said there had been a serge in demand from the domestic market and credits and investments were growing, the news provider quoted.
He added that both government and family expenditures were on the rise, leading to increased need for industrial output.
Revenues from the industrial sector grew 13.2 per cent compared with those of July last year and industrial employment rose 4.4 per cent in July compared to the same month in 2007, China News said.
In related news, property in Brazil is a safe investment which will bring in both capital growth and rental returns, it has been claimed.
According to property investor Gilles Acogny, writing for the Beltico Group, Brazil is the safest medium-term investment of all the Brics countries – Brazil, Russia, India and China.
