For the third consecutive month, the country registered a current account surplus in April.
Author: Agência Brasil
The recent hike of the US currency against the real will cause expenditure on trips abroad by Brazilians to lose steam, according to the head of the Central Bank’s Statistics Department.
A poll by Brazil’s National Confederation of Industry shows a rebound in Brazil, where investments had been going down since 2014.
The new Immigration Law went into effect one year ago this week and the government is preparing a project to attract skilled foreign professionals.
The United States currency closed up 1% to BRL 3.74 on Friday.
A Brazilian government poll shows the rate of tourists satisfied with their trips to the country went up.
The North American currency had an appreciation of 0.61% over the real this Thursday. It was the currency’s fifth consecutive appreciation.
The United States currency ended the day selling for BRL 3.661, up 0.9%, climbing for the third straight day.
The National Supply Company (Conab) said 2017-2018 grain and oilseed output is poised to reach 232.6 million tons, which would be second only to the preceding crop season.
Brazil’s dollar inflow surpassed outflow last month.
The Brazilian state-owned company registered a net profit of BRL 6.9 billion (USD 1.97 billion) in this year’s Q1.
Over 73,000 vehicles got shipped in April, with revenue coming out to USD 1.68 billion, up 37% over April 2017.
Financial institutions polled by the Brazilian Central Bank expect the economy to expand by 2.70% this year, down from a prior 2.75% forecast.
Four oil and gas blocks in the Campos and Santos basins will be auctioned under a production-sharing scheme. The auction is expected to take place on September 28.
