Panel SA: Fabric-to-meal companies raise economic growth forecast

Panel SA: Fabric-to-meal companies raise economic growth forecast

After the release of GDP data for the second quarter by the IBGE this Thursday (1st), sectorial entities are starting to revise their growth projections upwards this year.

According to the CNI (National Confederation of Industry), both the forecast for the industry’s GDP, of 0.2%, and the entity’s expectation for the national indicator should increase. Among the data from the second quarter that most attract the attention of the entity, those of the manufacturing industry, which had a forecast of a 1.5% drop, should have a more moderate retraction.

For SindusCon-SP, the expectation for the construction GDP in 2022 went from a growth of 3.5% to something around 4.5% to 5%.

José Ricardo Roriz Coelho, president of Abiplast (Brazilian Association of the Plastics Industry), estimates that the GDP of his segment will be very close to 3%, and inflation, around 6.7%.

According to Abit (textile industry), the review for the segment should point to a slight growth, due to problems in the first half. Retail should perform better than the industry in 2022, in the opinion of Fernando Pimentel, president of the entity.

At the beginning of the year, Abimo (an association that represents the medical device industry) predicted a rise of 0.8% for the sector in 2022, but now that number has reached 2.5%, according to a preliminary forecast by Paulo Fraccaro, superintendent of the entity. He cites the expansion of exports and the resumption of surgeries as factors for the impulse.

Abrasel (Brazilian Association of Bars and Restaurants) started the year with a projection of 3% growth for the sector. Two months ago, it was revised to 5%, and now the expectation is 6% or more.

“We are preparing for a very strong second semester. We should generate another 100,000 jobs. Companies are managing to transfer a little more of inflation to the menu, because the market is working well. I would even say that this 6% can be overcome”, says Paulo Solmucci, president of Abrasel.

According to Solmucci, the good indicators can be boosted by Auxílio Brasil and the consigned credit linked to the benefit, in addition to the new phase of contracting credit by Pronampe, a federal credit program aimed at small and medium-sized businesses.

Joana Cunha with Paulo Ricardo Martins and Diego Felix

You May Also Like

Recommended for you

Immediate Peak