The surplus stood slightly over USD 30 billion in the first six months, the result of USD 114 billion in exports and USD 84 billion in imports.
Author: Agência Brasil
A Brazilian Central Bank poll shows financial market players are expecting inflation this year to be higher than in the last week.
The United States currency was selling for BRL 3.877 by the end of the last business day of June. Much of the hike happened over the past three months.
Production averaged 2.6 million barrels per day last year in Brazil. Manufacturing of oil products, on the other hand, slid by 3.7% to 1.9 million bpd as spending on imports went up.
Federal, state and local governments ran a combined USD 2.1 billion deficit, which is much narrower than the BRL 30.7 billion deficit seen in May 2017.
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels has issued a preliminary request for bids and the minutes of contracts for the 5th Pre-Salt Oil and Gas Production Sharing Tender Round, slated for September.
The North American currency slid 0.51% and the main index of the São Paulo Stock Exchange climbed 1.64%.
The Brazilian monetary authority believes the economy will see 1.6% growth in 2018, down from a prior 2.6% estimate.
The number of active enterprises in the country by the end of 2016 was 5.05 million, according to the Brazilian Institute of Geography and Statistics (IBGE). The number is down 1.3% from 2015.
In May, the current account surplus was USD 729 million. Year-to-date, however, it has a USD 4 billion deficit.
Sales will continue into next week in a bid to curb the hike of the US dollar relative to the real. The North American currency gained 0.53% during this week.
The Ministry of Labor issued an ordinance determining that work permit to immigrants must be issued within 15 days, at the most.
Brazil’s Ministry of Agriculture has launched a development plan for the sector, which aims to increase beans exports. In 2017, the country sold 106,000 tons to foreign markets.
The executive of the Energy Research Office, José Mauro Ferreira Coelho, believes that the country will be among the five major exporters of the sector in 2026 due to the combination of production increase and lack of expansion in the oil refinery area.
