Foreign direct investment in Brazil reached US$ 66.66 billion last year, which financed the US$ 52.612 billion current transaction deficit, an all-time high.
Author: Agência Brasil
Brazilian foreign trade ran a deficit for the third week in a row. Exports reached US$ 3.206 billion and imports, US$ 3.785 billion.
The funds were made available in the form of government bonds. The operation concludes the allocation, of US$ 31 billion to the bank, as authorized last year.
The industry produced 35.2 million tonnes of raw steel last year. Rolled steel manufacturing, however, dropped by 1.1% and reached 25.1 million tonnes.
The figure for 2011 is the highest since 1997, when it started being recorded. There was growth of 12% as against 2010.
The figure concerns the difference between the inflow and outflow of foreign currency in Brazil up until the 13th this month, according to information supplied by the Central Bank.
According to a Central Bank survey, financial market analysts have revised their 2012 GDP growth estimate downward from 3.3% to 3.27%.
Ruling applies to capital goods and computer items and will remain in force until the end of the year. The main beneficiaries are the petrochemical, pulp and paper, and oil industries.
Expectations are for the growth of the Brazilian economy in 2011 to remain well below the 7.5% registered in the previous year. To the institute, the European crisis should continue affecting Brazil.
The Federation of Industries of the State of São Paulo claims that the sector will go from a ‘melancholy performance to a mediocre one.’ There was a decline in jobs in 2011.
In Brazil, nearly 200,000 imported units were sold in 2011. This year, however, a decline is expected as a result of a tax raise.
The outflow of foreign currency exceeded the inflow by US$ 707 million in the first week of January, according to the Central Bank.
The Brazilian research station on the continent will be the first to use an ethanol-fuelled generator to supply its electric needs.
The Extended Consumer Price Index reached 6.5%, the upper limit of the government’s target range. The president of the Central Bank, however, said that now the scenario is one of decline.
