The country has a USD 160 million loan agreement in place with the International Monetary Fund to support a reforms program.
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The Extended National Consumer Price Index (IPCA) slid by 0.21% as it dropped to its lowest for the month since 1994. Transportation and Housing saw the sharpest drops in prices.
The month ended with 10.54 million pairs of shoes shipped, up 6,6% year-on-year. Foreign sales had been on a downward slope since May.
The biggest such facility in Brazil handled 110.6 million tons of cargo from January to October. However, October alone saw volume drop by 9.8% year-on-year.
January to November saw 2.3 million brand new vehicles sold in the country, up 15% from a year ago. Domestic sales made up for weaker exports.
The institution announced a new loan program. The primary focus will be on promoting small businesses, which account for most of the jobs in the country.
Truck sales by the carmaker’s Brazilian arm climbed 30% to date this year. The company is looking to end 2018 with a 40% increase in sales to the Middle East and Africa.
The United Nations Conference on Trade and Development estimates that merchandise exports will amount to USD 19.6 trillion by the end of 2018.
The state-run oil company released its business plan for 2019-2023. The bulk of funds will go into exploration and production.
US dollar outflows exceeded inflows last month. The deficit stemmed from financial operations.
Brazil’s National Agency for Petroleum (ANP) has authorized nine more enterprises to bid for oil and gas exploration and production in previously tendered fields or blocs that were given up on by the winning bidders.
A global poll from Ipsos shows that 63% of Saudi Arabians wish to open their own businesses by 2020. Brazil ranks 6th with a rate of 43%.
In October from September, industry production climbed 0.2% after going down for three months in a row.
The country produced 117 million cubic meters per day in October, up 2.1% year-on-year.
