Brazil saw 80,690 units made last month, but exports are on their way down.
Author: Agência Brasil
The Brazilian Institute of Geography and Statistics (IBGE) tracked 15 locations throughout Brazil, and production increased in most in August from July.
The Fund expects the country’s economy to grow 1.4% this year. Forecast was revised down in 0.4 percentage point over July’s estimate.
Financial institutions are expecting prices to increase 4.4% this year. Last week’s forecast pointed to a 4.3% inflation rate.
The state-owned oil company has paid a BRL 2 billion (USD 540 million) debt with Banco do Brasil, which had a 2020 due date.
The institution slashed its forecast for the Brazilian economy in 2018 from 2.4% by half, to 1.2%.
The Extended National Consumer Price Index (IPCA) went up after a deflation in August, according to statistics institute IBGE. Transportation had the biggest impact in the rate.
Dollar outflow in Brazil surpassed inflow in more than USD 6 billion in September.
Production slid in August from July but picked up by 2% over August 2017.
The forecast made by financial institutions for the inflation rate in Brazil went from 4.28%, last week’s estimate, to 4.3% this week. It was the third straight increase.
Empresa Brasileira de Terminais e Armazéns Gerais won the public bid for a liquid bulk terminal in Ilha de Barnabé, in the left bank of the port of Santos.
The oil company’s president spoke this Thursday on the rise of the company’s shares after a deal with US authorities.
The Brazilian monetary authority estimates a USD 14.3 billion deficit for Brazil this year. As of June, the forecast was for a USD 11.5 billion deficit.
In 2017, Brazil’s cattle herd and milk output declined, but the number of birds in the poultry industry rose.
