The Bank of Brazil is going to make available US$ 29 billion in agricultural credit in the 2011/2012 season. The value is 17% greater than in the previous crop.
Author: Agência Brasil
Brazil produced 1.71 million units in the first half this year. In June, sales reached 295,600 automobiles.
The crop ended on June 30th resulted in 162 million tonnes of grain, according to the National Food Supply Company (Conab). There was growth of 8.6% as against the previous cycle.
The confidence index of Brazilian trade sector entrepreneurs dropped 3.1% from May to last month. Still, the perspective remains positive for sales in 2011.
Sales totalled 478,000 vehicles in Brazil last month, 4.8% less than in the preceding month.
Financial market analysts have lowered, for the second time in a row, their growth expectation for the Brazilian economy.
The Brazilian industry registered moderate growth, reflecting measures adopted by the government for the reduction of credit, according to the Brazilian Institute for Geography and Statistics.
The primary surplus, i.e. savings by the federal, state and municipal government to pay interest on the public debt, reached US$ 4.785 billion in May.
The bank intends to supply US$ 12 billion in financing to Brazil over the next four years, mainly for projects related to the 2014 FIFA World Cup.
Credit balance of the Brazilian financial system should rise by 15% this year, according to a revised estimate of the institution. The previous growth estimate was 13%.
The Brazilian Central Bank has lowered its projection of foreign investment in stocks and bonds in 2011 from US$ 15 billion to US$ 17 billion.
Expenditure by tourists on international trips reached US$ 1.664 billion in May and US$ 8.331 billion from January to May, both all-time highs.
The National Education Council has started reviewing the rules for revalidation in Brazil of diplomas from foreign countries. The objective is to make it more agile.
The sum of dollar inflow and outflow in the country was negative by US$ 759 million up until the 17th this month.
