São Paulo – Automobile production dropped by 6.7% in September, in comparison with August. According to the National Association of Vehicle Manufacturers (Anfavea), 275,305 vehicles were produced, as against 295,009 in August. In comparison with September last year, there was a reduction of 8.4%, with 300,688 vehicles manufactured. From January to September, the decrease was
Author: Agência Brasil
Brasília – Favourable weather should contribute for the Brazilian grain crop that started in August and should last until late July next year to exceed the previous one by up to 6.5 million tonnes. The first survey of the 2009/2010 cycle – carried out by the National Food Supply Company (Conab) and disclosed today (7th)
The country currently exports US$ 400 million in exotic products of animal origin a year, among them chicken feet and bile for production of medication.
The country agreed to buy US$ 10 bn in International Monetary Fund bonds during the G20 meeting, in London. The IMF is collecting another US$ 500 bn to assist nations in difficulties.
Financial markets expect the economy of Brazil to grow 0.01% this year. Production, according to the Central Bank’s Focus Bulletin, should be 7.53%. For 2010, the expectation is for 6% growth.
The country managed to obtain the funds by selling bonds maturing in 2041, at the second lowest interest rate ever, 5.8%. The lowest rate in Brazilian history, 5.299%, was recorded in May.
The figure was disclosed by the secretary of Foreign Trade, Welber Barral. In 2008, Brazilian shipments generated revenues of US$ 198 billion. This year, the total should be US$ 158 billion.
The country is running a trade surplus of US$ 21 billion, 8% more than in the period ranging from January to September 2008.
The difference between the inflow and outflow of dollars in Brazil returned to positive this month, according to the Central Bank of Brazil. As of last Friday (25th), the surplus was US$ 1.06 bn.
According to the Getúlio Vargas Foundation (FGV), the confidence index from August to September was the highest in the last 12 months. However, the index is still lower than in September last year.
In August, total credit available in the country was equivalent to 45.2% of the GDP, as against 44.8% in July and 36.7% in August last year.
Emerging biotechnology and nanotechnology companies will receive investment from the institution by means of a new venture capital fund. The sectors have been chosen in order to promote innovation.
Anti-crisis measures adopted by the country have placed it ahead of its Latin American counterparts with regard to the resumption of economic growth, according to the Fund’s upcoming report.
Financial market analysts have expanded their forecasts for growth of the Brazilian economy, which four weeks ago reached 4%. For this year, they still expect stability.
