US dollar outflows from Brazil were higher than inflows by over US$ 1 billion last week, tipping the monthly result to a deficit.
Author: Agência Brasil
The Brazilian Civil Aviation minister said a program earmarks R$ 7.3 billion investment in increasing local airports from 80 to 270 in the country. The goal is to start floating tenders this year.
The Brazilian minister of Development claims the national export plan should be announced by the end of this month. Simpler customs processing should be one of the measures.
Retail sales dropped 0.4% in April over March and 3.5% in comparison to April of last year, according to the statistics institute.
Purchases from neighboring countries could be expanded, according to the executive secretary of the Ministry of Mines and Energy. The level of the hydroelectric plants’ reservoirs declined.
The estimate for the Extended Consumer Price Index (IPCA) climbed from 8.46% to 8.79% this year, as per a Brazilian Central Bank poll. The projection for next year is 5.5%.
Report says that there’s no lack of land for the production of bioenergy in the world and its occupation for this purpose doesn’t put at risk food production.
The launching of the 13th round happens in July, but the bidding process will only take place in August. In all, 266 exploration blocks will be offered.
Estimation for the 2014/2015 harvest added up 2.3 million tons of grains and now totals 204.5 million tons.
The new phase of Logistics Investment Program was launched this Tuesday (9th) and should help unlock Brazil’s economic potential. Private investments will be made in roads, railways, ports and airports.
Survey of the Brazilian Central Bank with financial institutions indicates an expectation for a 1.3% decline for Brazil’s GDP in 2015. Last week estimation was of 1.27%.
US dollar outflows exceeded inflows by US$ 2 billion in Brazil last month, the Brazilian Central Bank has reported.
The OECD’s estimation indicates average growth of 2.4% for the economies of Brazil, Russia, China, India and South Africa this year and a higher percentage for next year.
It was a 1.3% decline over Q4, according to Brazilian statistics institution. It was the seventh straight drop in this kind of comparison.
