Brazilian Economy On The Upswing, Says Prominent Executive

A recent online article on Exame.com discussed Flavio Maluf’s opinion about the upswing of the Brazilian economy. Maluf is the president of Eucatex, a Brazilian manufacturing company. The article talks about a new interactive tool called the Industry Thermometer. This tool has nine different indicators that the National Confederation of Industry uses to measure the strength of industry in the economy, says the article. During the last part of the second quarter and into the third, there were positive indications in the Brazilian economy.

Experts are optimistic about Brazil. They have studied the various sources and indicators that point in a positive direction. In the article, Flavio Maluf says that the recession of 2014 is quickly lifting, according to data from the Charter of Conjuntura of the Institute of Applied Research.

There is a quote from the Brazilian Institute of Geography and Statistics that there was a .3% increase in the industrial sector. This happened in the second quarter of the year. The data shows an improvement in the rest of 2016 for Brazilian industry, says the article. Maluf says that good production this year is the reason behind economic growth. He also says that the economy benefits when businesses find import substitutions and adjust their inventories properly.

Maluf is also optimistic about the growth of investments. He also foresees growth in the Gross Fixed Capital Formation. He opines that consumer confidence levels should improve, now that reports show financial recovery in the nation. The article says that the Industrial Entrepreneur Confidence Index has positive results, which is the first time in over two years. Maluf says that service and consumption sectors are increasing as they see a recovery in the Brazilian market.

Flavio Maluf earned a degree in mechanical engineering from Fundacao Armando Alvares Penteado Foundation. He also studied business in New York University. Maluf began his career at Eucatex in 1986. After being in the trade section for a few years, he worked until 1996 in the industrial section. He brought tremendous growth to the company and was named president in 1997. Today, Eucatex continues making sustainable building materials, which are purchased internationally.