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Agricultural machinery sales rise 9.36% in October compared to October 2021

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Compared to sales of agricultural machinery registered in September, there was a 2.83% increase in October (Image: Pixabay/Mirko_Fabian)

At tractor sales and other agricultural machinery in Brazil in October increased 9.36% in October in relation to the same month of the previous year, after increasing 19.9% ​​in September.

The data were disclosed on the morning of this Friday, 2nd, by National Federation of Motor Vehicle Distribution (Fenabrave)🇧🇷

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Unlike statistics on cars, which can be updated based on daily vehicle licenses, numbers for agricultural machinery need to be raised by Fenabrave with manufacturers.

Therefore, the data have a delay of one month in relation to the balance of car sales, whose results released today by the association are already related to November.

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In comparison with sales of agricultural machinery registered in September, there was a rise of 2.83% in October. Already in the accumulated of the year, the growth in relation to the period from January to October 2021 reaches 18.52%.

“The October numbers were above the monthly average for the year. This is one of the segments that should end 2022 with a double-digit increase compared to 2021”, said in a statement the president of Fenabrave, José Maurício Andreta Jr.

Source: Moneytimes

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