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04.05.24 18:31

Economy

Brazil's industrial growth rate in April is the fastest in almost 3 years

The Lula government's "New Industry Brazil" programme has already allocated billions this year to industrial projects

Brazil's industrial sector started the second quarter with its strongest growth in almost three years as a surge in new business in April boosted output and job creation.

The Purchasing Managers' Index for Brazil's manufacturing sector, rose to 55.9 in April from 53.6 in March, the strongest improvement in working conditions since July 2021.

The survey released on Thursday said the improvement in the index was driven by positive demand effects on indicators such as sales, production, employment and purchase inventories.

The need to build capacity forced Brazilian manufacturers to increase staff numbers at the fastest pace in 21 months. This is reported by Brasil 247, a partner of TV BRICS.

Strengthened confidence in the production outlook also fuelled employment growth. Improved demand, capacity investment, lower interest rates and diversification of production lifted optimism to its highest level in three months.

Photo: iStock

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Deputy Minister of Foreign Affairs of Russia

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Batyr Berdyklychev

World Health Organisation Representative in Russia

"International cooperation can help detect risks quicker, also exchange the results of research and coordinate the response measures. Without this coordination, the consequences of the global crisis could be heavier. [...] We are witnessing the world becoming more and more interconnected and interdependent. Every outbreak of infection in one region can be a potential threat globally. The experience shows us that the resilience of healthcare systems affects economic stability, the national security of states and public trust"

Xi Jinping

President of the People’s Republic of China

"As permanent members of the UN Security Council and important major countries in the world, China and Russia should take a strategic and long-term perspective, drive the development and revitalisation of our respective countries through comprehensive strategic coordination of even higher quality, and work to make the global governance system more just and reasonable"

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Chairman of the Government of the Russian Federation

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Brazil's industrial growth rate in April is the fastest in almost 3 years

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