Brasilia, Brazil, 11 April – Brazil fell to second to last place in an industrial productivity ranking of 23 countries drawn up by the National Industry Confederation (CNI), due to a low level of investment, the CNI said Monday.
In the period between 1996 and 2000, the country was in fourth place in the ranking for working productivity.
The annual growth rate for productivity in Brazil was 1.3 percent in the first five years of the decade, while India’s was 10.1 percent, Singapore, 8.2 percent, Malaysia, 6.9 percent, Thailand, 6.2 percent and the United States, 6.1 percent.
In 2005, the productivity of the industrial sector in Brazils saw a fall of 1.4 percent, which brought the five-year period to a close with one of the worst performance of the last 35 years, better only than the second half of the 1980s, known as the “lost decade.”
In the first half of the 1980s, Brazil’s productivity increased by 7.2 percent and in the second half, by 5.9 percent.
The executive manager of the Research Unit of CNI, Renato da Fonseca, said that slowing of productivity in 2005 and low investment, in a year in which employment had increased, affected productivity.
Every five year CNI calculates a working productivity index by dividing company production by the number of workers employed or by number of hours worked. (macauhub)