Report by the Brazilian Central Bank claims that Brazil’s financial institutions are capable of resisting the impact of a drop in real estate prices.
Author: Agência Brasil
Search for domestic flights in Brazil increased by 11.2% in February over the same month last year, with six million passengers, according to survey of the four biggest companies in the sector.
A survey conducted by Foundation Getulio Vargas points to a downward trend in investment by Brazilian enterprises throughout this year. The companies polled boast US$ 227 billion in combined revenues.
According to the National Federation of industry, Brazilian companies are increasingly targeting the national market as opposed to exports. Export revenues fall short of inputs’ imports.
Brazil’s ports secretariat hopes the Federal Court of Auditors approves tender studies at facilities in Santos and Pará by late March. According to the minister, technical issues have already been solved.
Index which evaluates Brazilian economy had expansion in January over December. In comparison to the same month last year, increase was 0.93%.
The funds will be allocated to urban mobility works in seven Brazilian cities, including light rails in Brasília, Goiânia and Natal.
In all, 136 billion litres were sold in 2013. The figure comprises diesel, biodiesel, gasoline, ethanol, fuel oil, aviation kerosene, liquefied petroleum gas, and compressed natural gas.
The country was expecting to surpass the United States in soy harvest volume, but weather issues caused the output to fall short from the target, and the Brazilian crop remains the second largest in the world.
The number of units sold dropped 17% in February in relation to January. Production, however, rose 19% in the same comparison.
Production was up 2.9% according to the Brazilian Institute of Geography and Statistics. Output from the capital goods industry was up 10%, the highest rate of all industries surveyed.
According to a poll of financial institutions conducted by the Brazilian Central Bank, the country’s economy should be up 1.68% in 2014. The prior projection was 1.70%.
US dollar inflows exceeded outflows in February. In January, a US$ 1.6 billion surplus was recorded.
Industry sales have increased in the first two months this year from the same period in 2013, according to the National Motor Vehicle Distributors Association (Fenabrave).
