Brazilian footwear exporter pin year-end hopes on strengthening Real
Though Brazilian footwear exports in July 2003 were down 10% on the year before, they rebounded the following month to $142 million, an 8% increase on the August 2002 figure.
In the seven months to July 31, the country’s footwear exports were flat at $878 million. However, the sector is now hoping a stronger Real will put the industry back on track for its full year target figure. January to August, footwear exports increased 2% to $1,018 million.