The indicator rose in Q2 2018 over the first quarter, reaching the highest level since Q4 2015.
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The three months through July saw activity weaken in the country from the three months through April, as per the GDP Monitor survey from think tank Fundação Getulio Vargas. (FGV)
The index, measured by Fundação Getulio Vargas, dropped 3.1 points in Q3 2018 over the previous quarter.
Brazil’s economy showed growth for the second straight month in July, as per the Central Bank index that tracks GDP behavior.
The North American currency slid 0.69% this Friday after having reached a record high on Thursday.
Brazil saw 4,470 MW year-to-date through July. Energy from wind sources makes up 7% of all power generated in the country.
The sector’s gross revenues slid 2.2% over June and 0.3% over July 2017, according to the Brazilian Institute of Geography and Statistics (IBGE).
The North American currency rose 1.21% this Thursday and ended the day at BRL 4.196, the highest nominal value since the launch of Plano Real, in 1994.
According to a report by the UN agency, the occupation drove the rate to 27%. The lifting of the trade restrictions alone could make the local economy grow 10%.
The United States currency gained 1.48% this Tuesday after sliding for three straight trading days.
The figure was the result of USD 4 billion in exports and USD 2.9 billion in imports, registered in four business days.
In August, there was a 7.5% decline in volume and a 9.2% drop in revenues in comparison to the same month of last year.
Financial institutions predicted a 1.40% growth for the Brazilian economy this year, below last week’s forecast.
A poll by Ernst & Young shows that 33% of 2,700 respondents from medium-sized businesses envision strong expansion this year.
