The Brazilian Institute of Geography and Statistics (IBGE) forecasts a 189 million-ton harvest of grains, oilseeds and pulses in Brazil, down 9.8% from 2015 numbers.
Author: Agência Brasil
The nine Brazilian airports handling Olympic Games tourists saw an influx of nearly 3 million passengers from July 31 to August 6.
Financial institutions polled by the Brazilian Central Bank believe the economy will shrink by 3.23% this year. The projection is down from 3.24% last week.
Brazil’s economic contraction grew milder during quarter two this year, its monetary authority said, imputing the shift to increased consumer and business owner confidence.
US dollar inflows to Brazil were higher than outflows in July, capping a two-month downward run.
International prices of primary products tumbled from June to July, according to index measured by the Brazilian Central Bank (BC).
Sales declined in July from July 2015, but went up 5.6% relative to July 2016.
Financial institutions responding to a Central Bank poll believe Brazil’s economy is set to shrink by 3.24% this year. Last week’s forecast had been a bit worse at 3.27%.
The Brazilian state-run oil company is handing over its 66% stake in the block known as Carcará for USD 2.5 billion.
Brazil’s federal, state and local governments posted a combined USD 3 billion deficit in June, the poorest result for the month since record-keeping began in 2001.
Collection of taxes and contributions reached BRL 617 billion in the first half of this year and BRL 98 billion in June, the worst result for the month since 2010.
The credit rating agency believes that stability in the price of commodities will improve the state of emerging economies such as Brazil and Russia. Forecast on the fall of the Brazilian economy went from 3.8% to 3.3%.
According to Brazil’s National Federation of Industry (CNI), the share of foreign sales in total production value climbed to 15.8% in the 12 months ended May, up from 14.2% in the preceding 12 months.
After two months of surpluses, the result was negative by almost USD 2.5 billion in June, mostly due to the primary income and services accounts.
