Brazil’s industry shows growth
In news which may be of interest to those considering buying property in Brazil, the nation’s industry showed its biggest revenue growths in March for nearly a year.
The National Confederation of Industries (CNI) figures showed that real revenue growths in February increased 1.5 per cent on January.
It was the biggest such rise since last July.
CNI’s data also indicated that hours worked increased by nearly two per cent and the use of the sector’s installed capacity rose over a 1.8 per cent to 82.9 per cent.
The CNI suggested that the result shows that production capacity grew as a consequence of "the maturing of investment made over the course of 2007".
Brazil has Latin America’s largest economy and it is showing a steady growth, the BBC reports.
Cost of living in the nation is 20 per cent of that in the UK.
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