The Index of Economic Activity of the Central Bank, which predicts Brazilian economic flow, grew in October in relation to September. Compared to October 2017, the rise was 2.99%.
Browsing: Economy
Third sector grew 0.1% compared to September and 1.5% compared to last year October.
Brazil’s AEB forecasts foreign sales will fetch USD 220 billion next year, down 7.7% from 2018. Imports are expected to go up, making for a narrower trade surplus.
Foreign participation in Brazilian airlines becomes unlimited. Until now the limit was 20%.
Brazilian association of manufactures hopes to achieve a number of 779 thousand manufactured units until the end of 2018. For 2019 the projection is a 10% growth, a total of 857 thousand bikes.
Association Abraciclo has revised up its 2018 estimate on the back of good results seen from January to November.
Last month saw 3.68 million bags shipped from Brazil. Revenues slid by 1% to USD 485 million. Year-to-date, the volume shipped to Arab countries was up 15%.
The surplus came as a result of USD 5.6 billion in exports and USD 3.6 billion in imports.
A poll of Brazilian financial institutions showed that the National Extended Consumer Price Index is expected to end the year at 3.71%.
The country has a USD 160 million loan agreement in place with the International Monetary Fund to support a reforms program.
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.
