The state-owned company produced, on average, 2.18 million daily barrels per day in Brazil in May.
Author: Agência Brasil
The Brazilian Central Bank index signals that Brazil’s economic activity went up in April over March. In comparison to the same month of 2016, the increase was even sharper at 0.51%.
The month-on-month increase came after a 2.6% drop in March from February, according to a survey conducted by the Brazilian Institute of Geography and Statistics (IBGE).
The volume increased in April from March after dropping for two straight months. Nominal revenue climbed by 1.3% month-on-month.
Brazilian banks polled by the Ministry of Finance estimate that the so-called Central Government will run a BRL 142 billion deficit this year. As of May, a BRL 148 billion deficit was expected.
The Brazilian Central Bank’s Focus Bulletin, a poll of financial institutions regarding the economy, shows that the annual inflation expectation dropped to 3.71% and the GDP growth forecast eased to 0.41%.
An indicator from think tank Fundação Getulio Vargas climbed by 7.9 points in the second quarter from the first to 107.9 points, showing an optimistic outlook.
Survey by the Brazilian Institute of Geography and Statistics shows industrial growth of 0.6% in April over March, with only five of 14 states surveyed with positive results.
The 2016-2017 season will see 234 million tons of grain harvested. The amount is up 25.6% from 2015-2016.
The Brazilian federal government has announced the funding available for the 2017-2018 crop, with an added USD 1.5 billion from the past season.
The growth took place in comparison to March, according to indicator by the Institute for Applied Economic Research (IPEA). A good performance by the machinery and equipment sector contributed to the result.
Economic growth expectation went up as per the Focus Bulletin, a weekly poll of banks issued on Monday (5). Respondents also expect inflation to drop.
The first plant in Brazil to make the product, which has similar characteristics to those of natural gas and will be used for fueling vehicles, opened this Friday (2) in Foz do Iguaçu.
The growth was achieved in April over March and it’s the best result for the month since 2013, according to a survey by the Brazilian Institute of Geography and Statistics (IBGE).
