Industrial output plunged 3.8% in August over July after five months going up in the same type of comparison.
Author: Agência Brasil
Brazil produced 3.3 million barrels of oil equivalent per day in August and surpassed record mark for the third consecutive month.
Banks estimate an inflation rate of 7.23% in Brazil this year. Last week’s forecast stood at 7.25%. The GDP forecast remains unchanged, signaling a decline.
Márcio Félix, a secretary to the Brazilian Ministry of Mines and energy, spoke for the admission of partners to explore areas under concession since 2010 to the state-run oil company Petrobras.
According to data from the institute of statistics, the herd expanded 1.3% from 2014 to 2015. It was the sharpest climb since 2011.
Total credit operations in Brazil amounted to BRL 3.1 trillion in August, the same as in July. In the whole year, however, the Central Bank is expecting a contraction.
A poll of Brazilian industrialists shows optimism is back regarding the activity growth outlook for months to come.
The country wants to increase its stake of the global agricultural market from 7% to 10% in five years’ time, Agriculture minister Blairo Maggi said this Tuesday (27) while assessing his trip to Asia.
The Brazilian Central Bank (BC) updated from 6.9% to 7.3% the forecast for the 2016 Extended National Consumer Price Index (IPCA).
The Brazilian Central Bank (BC) revised up from USD 15 billion to USD 18 billion its forecast for the 2016 current account deficit. However, foreign direct investments can fund the deficit in full.
A poll of financial institutions by the Brazilian Central Bank sees inflation at 7.25% this year, down from a prior forecast of 7.34%.
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.
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.
