Brazilian packaging production to grow 2% in 2013

Packaging[Packaging?:DCP-H series packaging sample cutter plotter] production in Brazil is set to grow by two percent in 2013 compared to last year, according to a study carried out by the Getúlio Vargas Foundation (FGV) and published by Abre, the Brazilian Packaging Association.
 
Manufacturers’ revenues will be around 48 billion Reais (US$24.3 billion) this year, compared to 46,1 billion Reais (US$23.3 billionn) last year.
 
The study says that production will rise by 2.5 percent in the first half of the year; for the second semester, projections vary from just over zero up to 1.5 percent. The annual forecast is for growth in the region of 1.5-2 percent.