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Brazil: Trade Surplus Hits Record in April.

Country Briefings

| May 26, 2005 | COPYRIGHT 2005 Country Briefings, Distributed by United Press International. 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)Copyright

Byline: BARRY WHEELOCK

The Economy:

Industrial output rose by 1.7% in March from a year earlier (the weakest pace in 17 months), as increasing interest rates slowed demand and a stronger currency discouraged production of farming machinery and other goods for export.

According to the National Association of Vehicle Manufacturers (Anfavea), in April vehicle sales rose by 19.2% from a year earlier to 137,700 (as measured by new vehicle registrations, sales of cars, trucks and buses). In April vehicles sales declined by 7.9% from a month earlier, attributed to seasonal factors as opposed to an economic slowdown following a series of interest rate ...

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