Brazil Machinery Sales Slump 17% as High Rates Bite
Brazil Machinery Sales Slump 17% as High Rates Bite
Key Points — Net revenue from machinery and equipment sales fell 17% year-on-year in January to R$17.3 billion ($3.1 billion), with domestic sales down 19%, driven by Brazil’s 15% benchmark interest rate — Farm machinery faces a projected 5% sales decline in 2026, with the Iran war adding uncertainty to fuel and input costs — […]
Key Points — Net revenue from machinery and equipment sales fell 17% year-on-year in January to R$17.3 billion ($3.1 billion), with domestic sales down 19%, driven by Brazil’s 15% benchmark interest rate — Farm machinery faces a projected 5% sales decline in 2026, with the Iran war adding uncertainty to fuel and input costs — […]
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