From January to April, the amount of total of goods transported in Brazil was R$ 2.9 trillion, while in the same period of 2020 it was R$ 2.1 trillion, an increase of 39%. This metric is used as a baromometer for the Brazilian economy.
Source: M&T Read The Article
PSR Analysis: This result is aligned with what we see in the sales of new trucks and trailers and confirms our increase in FY 2021 sales and production. Part of the increase is due to inflation in local currency, but part is due to good results in Agribusiness and Mining. Other segments of the economy have had a lower increase because of COVID19 if compared with 2020, when the uncertainty in March and April had a higher impact than in 2021. PSR
Fabio Ferraresi is Director-Business Development, South America, for Power Systems Research
