In January, Brazil produced 96.6 million cubic meters per day, a historical achievement. Oil extraction stood at 2.469 million daily barrels.
Author: Agência Brasil
Banking institutions polled by the Central Bank believe the benchmark interest rate will be 13% by the end of the year, i.e. 0.75 percentage point higher than the current rate.
The industry confidence index measured by Fundação Getulio Vargas reached 83 points in February. The January score had been 85.9.
The January surplus shrank 20.2% from January 2014 to US$ 3.6 billion, according to the Brazilian National Treasury Department.
The Brazilian president has commented on the state-owned oil company’s credit rating cut by Moody’s. She believes the company will recover ‘without any major repercussions.’
Despite the dollar being appreciated over the real, Brazilians spent US$ 2.2 billion in international trips in January, an increase of 4% over December and over the same month of last year.
An index that measures how much is produced per hour of work has increased in the country over a ten-year period, but is lower than those of the 11 other countries surveyed.
The Focus Bulletin, a poll of financial institutions conducted by the Brazilian Central Bank, shows the GDP is expected to shrink and inflation is expected to go up.
Index from Fundação Getulio Vargas dropped 1.6% in January and now has declined three consecutive times.
According to Central Bank’s bulletin, analysts expect a 0.42% decline for the Brazilian economy in 2015. Last week’s forecast indicated stability, with no growth.
US dollar inflows to the country were higher than outflows by US$ 4.726 billion from January until the first week of February.
Joblessness in Brazil ended the year at 6.8% over 7.1% in 2013, according to research done by the Brazilian Institute of Geography and Statistics.
Aldemir Bendine has been approved by the Board of Directors of the Brazilian state-owned oil company Petrobras. He will replace former chief executive Graça Foster.
Brazil’s official inflation index was up 1.24% in January, the highest increment since February 2003 according to the Brazilian Institute of Geography and Statistics (IBGE).
