Financial institutions are expecting prices to increase 4.4% this year. Last week’s forecast pointed to a 4.3% inflation rate.
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The aim of these investments throughout the next few years is to maintain and even expand the country’s spare oil production capacity.
The state-owned oil company has paid a BRL 2 billion (USD 540 million) debt with Banco do Brasil, which had a 2020 due date.
The institution slashed its forecast for the Brazilian economy in 2018 from 2.4% by half, to 1.2%.
The Extended National Consumer Price Index (IPCA) went up after a deflation in August, according to statistics institute IBGE. Transportation had the biggest impact in the rate.
Foreign sales totaled USD 71.4 million in September, a drop of 26%. However, exports to the United Arab Emirates rose.
The 24th Dubai Shopping Festival lasts thirty days, starting on December 26, with events, promotions and entertainment.
Exports by the industry totaled USD 329 million from January to August, up 8.9%. Pharmaceuticals represented over a third of this amount.
Foreign sales amounted to USD 734 million in September. Shipped volume also went down, driven by weaker demand in Argentina.
Dollar outflow in Brazil surpassed inflow in more than USD 6 billion in September.
According to the country’s minister of Energy, Mines and Sustainable Development, Aziz Rebbah, 75% of the amount will go to the development of renewable sources.
The country purchased USD 1.83 billion worth of completely knocked-down (CKD) automobile kits from January to August 2018. The number is up 96% from a year ago.
Production slid in August from July but picked up by 2% over August 2017.
Brazil exported USD 19 billion in goods, with imports coming out to USD 14 billion, the Brazilian Ministry of Industry, Foreign Trade and Services said this Monday (1).
