The Brazilian Institute of Geography and Statistics (IBGE, in Portuguese) is expecting 187.3 million tonnes to be harvested this year. The volume is down 0.3% from the prior forecast.
Author: Agência Brasil
Brazil’s Foreign Office has devised a strategy to move 395 Brazilian citizens living in the Arab country to neighbouring countries in case an armed intervention led by the United States takes place.
The rate of growth has continued on the slowdown trend which started late last year, according to the National Confederation of Industry.
Industry association expects output to be up 12% this year. Increased exports and the fact that imported vehicles are being replaced by domestic-made ones have influenced the estimate.
The index which measures the variation in cost of Brazilian products traded abroad was up in August from July, according to the Central Bank.
Sector activity declined in July from June, but increased from July 2012, according to a survey conducted by the Brazilian Institute of Geography and Statistics.
Financial institutions are expecting Brazil’s Gross Domestic Product to be up 2.32% this year. The prior estimate was 2.20%, according to a survey conducted by the Central Bank.
To Brazilian industrialists, Roberto Azevêdo, who will assume the post on September 2nd, will work towards an agreement for modernizing customs procedures and eliminating red tape barriers.
The expansion was from 2007 to 2011, according to a research by the IBGE. The sector includes 1.1 million companies, which, together, generate US$ 420 billion in net operating revenues.
The institution plans to disburse from R$ 40 billion (US$ 17 billion) to R$ 45 billion (US$ 19 billion) a year in logistics and energy projects, according to president Luciano Coutinho.
Central Bank study shows that financial institutions in Brazil have reduced their forecast for growth of the Brazilian economy from 2.21% to 2.20%.
The monetary authority renewed sales contracts denominated in US dollars and held an auction to lower the exchange rate 0.78%. By the end of the day the currency was worth R$ 2.43.
The government of Brazil does not plan to interrupt its agreements with the Arab country, despite the worsening of the local crisis. The situation, however, is followed with concern.
The indicator measured by the National Confederation of Industry has risen from 49.9 to 52.5 points. Still, it remains at a low level, according to the organization.
