The Brazilian economy slowed down month-on-month from June. In June from May, activity had declined by 0.73%, as per a Central Bank index that tracks the evolution of the economy.
Author: Agência Brasil
Index from the National Confederation of Industry hit 35.7 points, the lowest score since records started being kept in 1999.
Expansion plan of the energy sector forecasts an increase of 55% in power generation in Brazil until 2024.
According to the Ministry of Agriculture, the total produced by Brazilian crops and pastures reaches US$ 122.58 billion this year.
The country produced 725 million dozen eggs in Q2 of this year. According to the Brazilian statistics institution, it was the highest volume of production since the survey started in 1983.
Measures announced this Monday are intended to add US$ 16.7 billion to the Brazilian Federal Budget in 2016, between spending cuts and increased revenue collection.
A Brazilian Central Bank poll of financial institutions points to a 2.55% shrinkage of the economy in 2015. Last week’s forecast had been 2.44%.
The 2014/2015 crop was larger than the preceding one, the National Supply Company reported. This time, 209.5 million tons were harvested, a 15.9 million-ton increase. Higher maize output was a factor.
The indicator measured by Fundação Getulio Vargas increased 3.6% in the third from the second quarter of this year, but the number of businesses that will rein investments in is higher.
According to the institute of statistics, industry output dropped from June to July in eight of 14 areas surveyed. The most marked declines occurred in Paraná and Ceará.
A federal government ruling sets 17.5% rates for Income Tax and fines on sums wired overseas irregularly by Brazilians.
According to estimation of financial institutions, Brazil’s GDP should shrink 2.44% in 2015 and 0.5% in 2016. Survey is done weekly by the Brazilian Central Bank and estimations worsened.
Manufacturing of cars, light commercial vehicles, trucks and buses dropped last month over August 2014, according to the sector’s association balance sheet.
Nelson Barbosa, minister of Planning, said the country needs to reach for this target. However, the 2016 draft budget forecasts a primary deficit of 0.5%.
