Activity was down 1% in June from May in Brazil, and down 3.6% year-on-year in June, according to the Brazilian Institute of Geography and Statistics (IBGE).
Author: Agência Brasil
Brazil’s state-run oil company entered into an agreement with the Brazilian Navy to carry out scientific investigations along the coast and in the Antarctic.
Brazil saw USD 500 million invested in the industry in 2018, as per a report by the Federation of Industries of the State of Rio de Janeiro.
Out of 15 areas tracked by the Brazilian Institute of Geography and Statistics (IBGE), ten saw output go down last June.
The country saw 1.55 million units sold year-to-date through July. Foreign sales were down 38% during that.
Federal decree will expand duties of the secretariat that oversees the Investment Partnership Program so that it supports processes in states and cities too.
Since 2017, the state has an initiative to receive devices discarded by the consumers, with 65 collection points.
The Ministry of Economy has increased the list of tax-free machinery and equipment items, in a bid to render them more accessible to companies.
Net profit soared to an all-time high for Brazil’s state-run oil company, at BRL 18.9 billion.
Brazil ran a USD 2.3 billion surplus last month, the lowest for the month since 2010. Both exports and imports slid.
Corporations run by federal government ran USD 6.5 billion in profit in Q1. BNDES saw the strongest numbers.
Monetary Policy Committee cut down Selic by 0.5 percentage point, to 6% per annum. Reduction is higher than forecasted by the market.
The region’s economy is seen growing 0.5% this year according to the UN agency, down from 0.9% in 2018.
Such is the amount available for Brazilian federal companies to invest during the rest of 2019.
