Estimate for 2014 was presented by Foundation Getúlio Vargas. Year-to-date through May the trade balance posts a deficit of US$ 4.85 billion.
Author: Agência Brasil
Index measured by Brazil’s National Confederation of Industry stood at 47.5 points in June, the lowest score since January 2009.
Analysts have revised down from 1.44% to 1.24% the growth estimate of Brazilian economy this year, according to the Focus bulletin of the Brazilian Central Bank.
High interest rates and inflation have caused the index to decline in June from May, according to the National Confederation for Trade.
Survey by the Foundation Getúlio Vargas shows that companies expect to spend less in comparison to previous 12-month period.
Projection is from the Brazilian Export and Investment Promotion Agency, which is bringing foreigners to the country to establish contact with companies and watch games.
The current Brazilian crop should produce 193.6 million tonnes, according to a National Supply Company survey. The volume is higher than last month’s forecast and up 2.6% from the previous harvest.
Brazilian diplomats will help foreign governments provide assistance to their citizens during the Cup. Group will be in the 12 host-cities and in three other capitals.
Industry output may be scaled down during the event, which opens next week in the country. However, the tournament will feature promotion of Brazilian products.
Survey by Serasa Experian shows a 0.8% increase in Brazilian retail sales last month, as against 1.6% in April.
A report released by the United Nations highlights the country as the foremost successful case in reducing deforestation and greenhouse gas emission.
The decline took place in May from April, according to the Central Bank. In the 12-month period ended May, prices were up 14.07%.
The minister of the General Secretariat of the Presidency, Gilberto Carvalho, said the World Cup is fuelling the economy of the municipalities that will host matches, the international crisis notwithstanding.
Revenues were up 2.7% in April from March and down 4.6% April-on-April, as per a survey from Brazil’s National Confederation of Industry.
