Brazilian equipment industry saw an increase in 2019 revenue, as per figures made public by Abimaq.
Author: Agência Brasil
Brazil’s current account result in 2019 was the worst in four years, Central Bank reported.
Figure was reached for the first time. Oil extraction was up by 7.8% from a year before, and natural gas by 9.5%.
Brazilian association estimates a production of 1.175 million units in 2020. Domestic market drives up the industry. Exports are down.
US currency was up 0.4% this Tuesday and closed at its highest value since December 2nd.
US currency ended this Thursday at BRL 4.19, up 0.15% day on day.
Ministry of Agriculture calculated gross production value at USD 152 billion last year, up 2.6% from the previous year.
The 2019 economic growth estimate moved from 0.9% to 1.12%, and the 2020 estimate from 2.32% to 2.4%
Brazilian state-owned company announced a 3% reduction in diesel and gas prices, but the change might take a while to reach the consumer.
The forecast regarding the National Extended Consumer Price Index slid from 3.60% to 3.58% as per the Central Bank’s poll with financial institutions.
The Extended National Consumer Price Index (IPCA) changed by 4.31%, above the Central Bank’s goal of 4.25%, but within its tolerance margin.
Decline occurred in November from October 2019 and broke a series of three months of growth, IBGE reported.
The country produced 241.5 million tonnes of cereal last year, up 6.6% from 2018. In 2020, the crop is expected to reach a new historic level.
Financial institutions polled by the Central Bank of Brazil estimate that the National Extended Consumer Price Index stood at 4.13% last year. The official index will be made public next Friday.
