Brazil car export surge helps boost April output
SAO PAULO, May 6 (Reuters)
Automobile output in Brazil jumped in April from a year earlier as automakers ramped up production to meet a surge in demand in export and domestic markets, the national automakers' association Anfavea said on Thursday.
Output jumped 14.2 percent in April from a year earlier to 290,000 units, helped by plentiful credit for new vehicle purchases in Brazil. Exports surged 56.6 percent year-on-year to $917 million, underscoring a nascent rebound in the global economy that has revived demand for cars.
Still, output in April tumbled 14.6 percent from March as carmakers adjusted production after government tax breaks expired in Brazil. Sales in April dropped 21.5 percent from March, but were up 18.6 percent from a year earlier, Anfavea said.
Source: reuters.com
SAO PAULO, May 6 (Reuters)
Automobile output in Brazil jumped in April from a year earlier as automakers ramped up production to meet a surge in demand in export and domestic markets, the national automakers' association Anfavea said on Thursday.
Output jumped 14.2 percent in April from a year earlier to 290,000 units, helped by plentiful credit for new vehicle purchases in Brazil. Exports surged 56.6 percent year-on-year to $917 million, underscoring a nascent rebound in the global economy that has revived demand for cars.
Still, output in April tumbled 14.6 percent from March as carmakers adjusted production after government tax breaks expired in Brazil. Sales in April dropped 21.5 percent from March, but were up 18.6 percent from a year earlier, Anfavea said.
Source: reuters.com
