Brazilian packaging production to grow 2% in 2013

- Study carried out by the Getúlio Vargas Foundation

 

Packaging production in Brazil is set to grow by two percent in 2013 compared to last year, according to a study carried out by the Getúlio Vargas Foundation (FGV) and published by Abre, the Brazilian Packaging Association.

 

Manufacturers’ revenues will be around 48 billion Reais (US$24.3 billion) this year, compared to 46,1 billion Reais (US$23.3 billionn) last year.

 

The study says that production will rise by 2.5 percent in the first half of the year; for the second semester, projections vary from just over zero up to 1.5 percent. The annual forecast is for growth in the region of 1.5-2 percent.

 

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