RIO DE JANEIRO, BRAZIL - The Brazilian machinery and equipment industry grew 9.9 percent in August but retreated two percent compared to the same month last year, totaling R$7.55 billion (US$1.89 billion) in total net revenue. The data were released yesterday, September 24th, by the Brazilian Association of Machinery and Equipment Industry (ABIMAQ), which includes the sector's industries.
The accumulated growth in the year was only 1.1 percent. According to the organization, in 2019 the reduction in sales is due to the slowdown in international market activities, while in the domestic market machinery sales . . .