Production increased year-on-year in the third quarter, as per a survey conducted by the Brazilian Institute of Geography and Statistics (IBGE). Thirteen out of 15 areas surveyed saw growth.
Author: Agência Brasil
October saw withdrawals outpace deposits as numbers swing to a deficit following five months’ worth of surpluses.
The forecast of total disbursements to be made this year by the Brazilian Development Bank (BNDES) was reported by its president. The amount stands below the BRL 80 billion (USD 24.61 billion) of the previous forecast.
Financial market players expect prices to have gone up 3.08% by the end of this year. They also see GDP climbing 0.73%.
An index from think tank Fundação Getúlio Vargas climbed 2.6 points in October from September to its highest level since July 2014.
In September, nearly 1.6 million daily barrels of oil equivalent were produced in the Brazilian pre-salt, which accounted for 49.8% of the country’s total.
The Food and Agriculture Organization of the United Nations (FAO) said that although good practices are in place in the country, action must be taken to reduce losses.
The jobless rate was 12.4% in quarter three, down 0.6 percentage point from quarter two.
The September result decreased in comparison to the same period of last year, according to data from the Brazilian Central Bank (BC).
The forecast from financial market players regarding how much prices will go up this year has widened again. Inflation is seen ending the year at 3.08%.
The second and third bidding rounds for pre-salt area production sharing agreements were held this Friday. Winning bids were placed for six out of eight blocks on offer.
Ministry of Industry, Foreign Trade and Services’ forecast points to an increase of the surplus of Brazilian trade. The surplus is believed to reach between USD 65 to USD 70 billion.
The Brazilian Central Bank said expenditure by citizens during trips to other countries came out to USD 1.716 billion in September and to USD 14.145 billion year-to-date.
The Brazilian state-run oil company will restructure its oil exploration, production and refining operations, as well as its natural gas operations, which will lead to cost-cutting.
