Brazil’s National Federal of Industry output indicator dropped. Sentiment also worsened regarding employment, demand, exports and inputs.
Author: Agência Brasil
The increase took place in April over March with the debt reaching BRL 3.24 trillion (USD 988 billion), according to data from the National Treasure.
It was the second consecutive month that Brazil’s current accounts registered a surplus. It stood at USD 1.1 billion, driven up by the trade balance.
Travelers from Brazil spent USD 1.3 billion in other countries in April, up 23% from a year ago.
The financial market brought down its estimative for Brazil’s inflation for the 11th consecutive week. The forecast calls for an increase of 3.92% this year against the previous one that signaled 3.93%.
The International Monetary Fund is expecting the Brazilian economy to grow marginally in 2017 and then for growth to pick up to 1.7% in 2018.
The index surveyed by the National Confederation of Industry (CNI) registered 53.7 points in May with an improvement of 0.6 point over April.
Production by Brazil’s state-run oil company started this Wednesday (17) in an area of the Santos Basin with FPSO vessel P-66.
The Brazilian Ministry of Mines and Energy is planning on auctioning in September four plants whose concessions expired and which have been returned to federal government control.
The Brazilian state-run oil company announced that procedures have begun for the divestment sale of the Azulão Field, a potential natural gas production site in the Amazonas River Basin.
Brazil’s economy grew in this year’s Q1 in comparison to the last quarter of 2016, as shown by indicator from the Brazilian Central Bank (BC).
In the first quarter, the state-run oil company produced 2.805 million barrels of oil equivalent per day, up 7% from a year ago.
A survey conducted by Fundação Getulio Vargas shows a 17-point hike in an index in April from January this year.
A poll of Brazilian financial institutions conducted by the Ministry of Finance points to an expected BRL 148 billion deficit this year, a wider number than the government’s BRL 139 billion target.
