Even surviving an internal policies crisis, Brazilian manufacturing production grew by 8%.

The Brazilian Manufacturing production grew by 8% in July 2020 compared with previous months, after expansion in May (8,7%) and June (9,7%). For the first time in historical time series, started in 2002, twenty-five of the twenty-six sectors, presented a positive variation.

According with Mr. Andre Macedo, Research Manager, the Brazilian Industry presents a drop of 9.6% in the 7 first months in 2020. According to him, this index and level is under in comparison to last year and it shows that there is still room for recovery.

In conformity with the Brazilian Institute of Geography and Statistic (IBGE), the recovery in August 2020, was leveraged by the extractive industry, which one grew 6,6% up at this month, driven by increased the iron extraction, oil and gas. This is an intense growth since June 2019.

Even surviving an internal policies crisis and facing the COVID-19 pandemic, Brazil shows worldwide that is a good place to invest in.

Our purpose from Brazil Asset Brokers is offer a legal support and guidance that can prevent our client to open a can of worm when they are establishing their business in Brazil, especially for the Brazilian Corporate and Labour law be so complex and bureaucratic.

Therefore, even this being complex, we from BAB can assure that Brazil is a profitable land to invest and the Minister of the Brazilian Economy Mr. Paulo Guedes, has suggested important changes on the Brazilian legislation to gain the confidence of investor and recovery the good image of the Brazilian nation.

Perhaps, you are reading this article now and asking yourself if it is the right time to make a change in your legal support. Maybe you are thinking it will be like to open a Pandora’s box, but now can be the right time to you change your Legal support in Brazil, in order to build a strong foundation preparing your company to expand beyond your expectation.

September 3, 2020.

Fernanda Buharb.