The confidence of industrialists in Brazil increased 1.6 point in July over the previous month, according to survey by the National Confederation of Industry (CNI).
Author: Agência Brasil
The index that keeps track of Brazil’s economy was down 0.51%, after having climbed marginally in the preceding month.
Financial institutions expect the National Treasure, Social Security and Central Bank to register a deficit this year. The amount is higher than an earlier forecast.
An index from Brazil’s National Confederation of Industry remained flat this month compared with last one, but plummeted by 21% over July 2015.
The decline was in May of this year in comparison to the same month of last year and marked the worst result for the period since the start of the survey in 2012.
A document from the Tourism Ministry shows that the number of municipalities that are home to tourism-related activities in the country dropped. As of the last survey, in 2013, there were 3,345.
Financial institutions are expecting the Brazilian economy to shrink 3.30% in 2016. Last week’s forecast had been for a 3.35% decrease, according to a survey by the Brazilian Central Bank.
The company produced 2.9 million barrels of oil equivalent in June. Its previous all-time high had been in August of last year.
The National Confederation of Industry changed from 3.1% to 3.5% its forecast for the decline of the Brazilian economy this year.
Brazil’s 2015/2016 season harvest will decrease in size as against 2014/2015, the National Supply Company (Conab) has reported. Soy and maize output dropped. The Statistics Institute also expects production to shrink.
The financial sector was the one responsible for the country`s forex deficit of USD 3.5 billion in June. Import and export-based operations registered a surplus of USD 3.9 billion.
The costs of internationally traded basic goods in Brazil, tracked by the Brazil Commodities Index, remained level in June from May.
Brazil produced more than 3.1 million barrels of oil equivalent per day in May. Extraction in the pre-salt layer went up 15% and reached 1.15 million barrels a day.
From the total amount of credit for farming in 2016/2017, USD 28 billion will go to farmers and cooperatives, with USD 3 billion earmarked for corporate agribusiness.
