Brazil’s AEB forecasts foreign sales will fetch USD 220 billion next year, down 7.7% from 2018. Imports are expected to go up, making for a narrower trade surplus.
Author: Agência Brasil
Foreign participation in Brazilian airlines becomes unlimited. Until now the limit was 20%.
The Brazilian Institute of Geography and Statistics (IBGE) forecasts a 231-million-ton harvest next year, up 1.7% from this year.
A poll of Brazilian financial institutions showed that the National Extended Consumer Price Index is expected to end the year at 3.71%.
The Extended National Consumer Price Index (IPCA) slid by 0.21% as it dropped to its lowest for the month since 1994. Transportation and Housing saw the sharpest drops in prices.
The biggest such facility in Brazil handled 110.6 million tons of cargo from January to October. However, October alone saw volume drop by 9.8% year-on-year.
January to November saw 2.3 million brand new vehicles sold in the country, up 15% from a year ago. Domestic sales made up for weaker exports.
The state-run oil company released its business plan for 2019-2023. The bulk of funds will go into exploration and production.
US dollar outflows exceeded inflows last month. The deficit stemmed from financial operations.
Brazil’s National Agency for Petroleum (ANP) has authorized nine more enterprises to bid for oil and gas exploration and production in previously tendered fields or blocs that were given up on by the winning bidders.
In October from September, industry production climbed 0.2% after going down for three months in a row.
President Michel Temer authorized donations to the UNHCR and the IOM, both of which are international organizations devoted to assisting vulnerable people under refugee status.
The country produced 117 million cubic meters per day in October, up 2.1% year-on-year.
The country is the leading exporter of natural gas in the world. The Qatari minister of Energy, Saad al Kaabi, said the goal is to ‘focus on the gas business.’
