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News Brazil reports 3.6% year-on-year sales rise in 2019

Brazil reports 3.6% year-on-year sales rise in 2019

Written by Global Cement staff 09 January 2020
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Brazil: Brazil has reported a growth in annual sales volumes for the first time since 2014. Producers sold 54.5Mt of cement – up by 3.5% from 52.8Mt in 2018 and exceeding SNIC president Paulo Camillo Penna’s January 2019 forecast of 3.0% growth. Penna has predicted a 3.6% increase to 56.5Mt in 2020. Valor newspaper has reported that Penna bases his assumption on favourable interest rates and low inflation of the Brazilian real as well as the government’s implementation of anticipated industrial policies favourable to production.

Last modified on 15 January 2020
Published in Global Cement News
Tagged under
  • Brazil
  • SNIC
  • Sales
  • volumes
  • growth
  • Forecast
  • interest
  • currency
  • Government
  • lobbying
  • GCW438

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