Brazil’s US$ 4.58 billion primary surplus from January through April was the lowest for the period since 2001, based on National Treasury numbers.
Author: Agência Brasil
The Brazilian minister of Planning said the country’s economy should see 1% growth next year. The previous official projection was 1.3%.
Bilateral trade in goods and services with the rest of the world was negative by US$ 6.9 billion in April, the Central Bank reported. Year-to-date, there is a US$ 32.4 billion deficit.
The drop occurred in the first four months of the year over the same period of last year. The amount spent in other countries was US$ 6.8 billion. Spending abroad also dropped in April.
As per a Central Bank poll of analysts, the benchmark interest rate should be 13.75% by year end in 2015. The prior estimate was 13.5%.
The decision to apportion 4% to 6% of Gross Domestic Product to the area was made at the World Education Forum this week in South Korea. Over 150 nations made the pledge, Brazil included.
A report from the organization mentions the country as a reference, alongside Peru, Mexico, Argentina and Chile, but warns that Latin America remains one of the most unequal regions in the world.
A survey from the Brazilian Central Bank shows a slowdown from February. Year-on-year, there was an even bigger retraction at 2.7%.
The volume of gas and oil produced in April by the company, in Brazil and abroad, reached 2.78 million of barrels of oil equivalent per day.
The institution’s net profit reached US$ 1.9 billion in Q1, an increase of 115% over the same period of last year and of 93% over Q4 2014.
The production in the fields operated by Petrobras at Santos and Campos basins reached a record-breaking 800,000 barrels per day on April 11th.
Brazil’s Conab is expecting a grain harvest in the 2014/2015 cycle of 202.23 million tons, an increase of 0.76% from the previous estimation.
Financial market forecasts that Brazil’s economy will contract by 1.2% in 2015. As of last week, a less pronounced decline was expected, according to a Brazilian Central Bank poll.
Output was down 14.5% from March and 21.7% from April 2014, according to Brazil’s National Motor Vehicle Manufacturers Association. In the month, approximately 217,100 units were made in Brazil.
