Spending in August reached USD 1.3 billion, up 2.3% from the same month a year ago. Exchange rate fluctuation and improved consumer confidence were factors.
Author: Agência Brasil
The state-owned company will sell a 90% stake of a 2,000 km gas pipeline network to Brookfield for USD 5.2 billion.
The increase in value of the Brazilian agricultural production last year was driven especially by the record-breaking production of the two crops, according to statistics institute.
Such is the rate projected by the Brazilian Institute of Geography and Statistics (IBGE) for the twelve months ended September. Inflation reached 0.23% so far this month, and 5.9% year-to-date.
President Michel Temer presented to the UN’s secretary-general the document whereby the country ratifies the Paris Agreement on climate change.
The index climbed 2.2 points to 53.7, the highest score since January 2014. Scores above 50 are an indication of optimism.
State-owned company reveals plans to invest USD 74.1 billion in the next five years, a lower figure than the one from the previous business plan.
Financial institutions polled by the Brazilian Central Bank estimate a 7.34% rate at the end of 2016. Last week’s projection had been 7.36%.
Quarter two 2016 saw the country produce 757.51 million dozen eggs, the largest amount since the Brazilian Institute of Geography and Statistics (IBGE) started keeping records in 1987.
Transportation, energy and sanitation projects announced by the federal government will rely on as much as 80% of financing from the Brazilian Development Bank and the Federal Savings Bank.
The decline in the second quarter of this year was the first since quarter three, 2014, the National Federation of Industry (CNI) said.
The program includes airports, maritime terminals, highways, railways, oil fields and energy companies. Auctions will take place this year and the next.
President Michel Temer ratified Brazil’s adoption of the Paris Agreement, which sets targets for the country to stop the rise of global temperature.
The inflation index IPCA reached this rate year-to-year according to an August measurement. The price increase surpassed the upper limit of the central government’s target, which is 6.5% per year.
