In Brazil, the company produced in September 2.8% more oil and 2% more natural gas than in August.
Author: Agência Brasil
The forecast predicting an increase in retail sales was done by the São Paulo Commercial Association. It doesn’t include vehicles and construction material.
Robson Braga de Andrade, president of the National Confederation of Industry (CNI), said that it’s a favorable moment for Arab investments in Brazilian industry.
The Brazilian-led MINUSTAH, which began in 2004, is now being replaced with an effort to build stronger institutions in the country.
The inflation rate estimate from Brazilian financial market players moved up from 2.98% to 3%, with the GDP growth projection going from 0.70% to 0.72%.
Ilan Goldfajn said while speaking in Washington, DC that he believes inflation and interest rates will remain subdued in Brazil.
Brazilian Finance minister Henrique Meirelles said so during a lecture in Washington, DC, and that in order for that to happen, macroeconomic reforms are needed.
The region’s GDP is expected to be up 1.2% this year and 2.3% in the next, while Brazil is seen growing 0.7% in 2017 and 2.3% in 2018.
As of September, the Brazilian Institute of Geography and Statistics’ harvest forecast moved up in September from August to 242 million tons. Planted area is seen at 61.2 million hectares.
As of September, the Brazilian Institute of Geography and Statistics’ harvest forecast moved up in September from August to 242 million tons. Planted area is seen at 61.2 million hectares.
After six straight drops, the 2017 forecast from Brazilian financial market players changed up from 2.95% to 2.98%.
Survey by the Federation of Commerce of the State of Rio de Janeiro (Fecomércio-RJ) and Ipsos Institute also indicates that the average amount to be spent should go up in comparison to last year.
The National Consumer Price Index (IPCA) ended last month below the 0.19% seen in August. From January to September, price increase in Brazil reached 1.78%.
Total gains of the five main Brazilian government-owned groups reached BRL 17.3 billion (USD 5.59 billion) in the year’s first six months.
