According to the Motor Vehicle Manufacturers Association, 341,644 new units were sold in October in Brazil, an increase over September. Sales were up by a higher rate, 21.8%, from October 2011.
Author: Agência Brasil
Financial market analysts have kept their 2012 growth forecast for the Brazilian economy at 1.54% for the third consecutive week.
The Brazilian industry performance declined from August to September, according to a Statistics Institute (IBGE) survey. The decline was even sharper compared with the September 2011, at 3.8%.
The outflow of dollars from Brazil exceeded inflow by US$ 748 million from October 1st through 26th.
The index measured by the Getulio Vargas Foundation went from 105 points in September to 106 in October, the highest level since June 2011.
The Brazilian state-owned oil company Petrobras produced 2.2 million barrels per day in September, a lower volume than in August. Year-to-date, output declined by 1%.
The increase in soy, maize and cotton crops caused farmed regions to increase by 2.8 million hectares in the country in 2011, amounting to a total of 68 million hectares.
A survey conducted by the Brazilian Federation of Banks shows that the industry expects the economy to pick up in 2013. The GDP growth projection is 1.5% this year and 3.9% next year.
The pilgrimage to Mecca, the holy city in Saudi Arabia, began this Wednesday (24th) and is expected to bring together over 2 million Islamic people from the world over.
Year-to-date, the Brazilian current account is running a US$ 34 billion deficit, according to the Central Bank.
The amount was spent during international trips in September. Spending by foreigners in Brazil reached US$ 441 million.
The German automaker will manufacture cars in Brazil, out of a unit in the municipality of Araquari. The automobiles will be launched on the market in late 2014.
The auto industry incentive program will bring at least five to six new companies in the industry to the country, according to minister Fernando Pimentel.
After being bullish for two months, the index dropped 1.2 point compared with September. It expressed the perception of Brazilian industrialists and is issued by the National Federation of Industry.
