High interest rates and inflation have caused the index to decline in June from May, according to the National Confederation for Trade.
Author: Agência Brasil
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.
Estimate was disclosed by Petrobras chairwoman Graça Foster. By 2020, output should reach 4.2 million barrels per day.
The expansion was over previous quarter. In relation to Q1 2013, the increase was 1.9%, according to the IBGE.
After the Brazilian Central Bank kept the benchmark rate at 11% per year, the head of the organization’s Economic Department said markets rates should not remain on an uptrend.
