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Financial News: BRAZIL: Machinery Sector Revenues Up 23.0% In June

BRAZIL: Machinery Sector Revenues Up 23.0% In June Over May

07/31/2018 - 15:55:00 (RTTNews)

(RTTNews) - Net sales of the Brazilian machinery and equipment industry increased 23.0% in June compared to the previous month and 13.1% compared to the same month of the previous year, totaling R$ 7.121 billion, said the Brazilian Association of Machinery and Equipment Industry (Abimaq). In the first half of the year, the sector's revenues grew by 4.2%, to R$ 35.075 billion.

The trade balance of the sector recorded a deficit of US$ 378.6 million, down 33% on a monthly basis, but up 50.7% over June 2017. In the first six months of the year, the deficit rose 18.9% to US$ 2.351 billion.

Imports totaled US$ 1.25 billion last month, up 15.3% on a monthly basis and 24.6% over the previous year, while exports totaled US$ 871.77 million, an increase of 67.7% month-on-month and 15.8% year-on-year.

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