Sales in Brazil increased 3.6% in June and 14.4% in the year’s first six months.
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IPCA, the official inflation rate indicator in Brazil, registered 1.26% in June, the highest rate for the month since 1995.
A provisional measure that creates the program Rota 2030 was signed this Thursday (05), aiming to make the Brazilian auto industry adapt to the new global challenges in the production and use of cars.
The plane makers will enter into a joint venture comprising all of the Brazilian company’s commercial aviation operations. The US-based company will retain an 80% stake in the USD 4.7 billion deal.
The BNDES’s pilot project will allocate BRL 10 million (USD 2.64 million) to support innovation companies.
The North American currency had an appreciation of 0.45% this Wednesday and ended the day at BRL 3.913.
Dollar inflow surpassed outflow in Brazil last month. Year-to-date, there’s a forex surplus of USD 22.5 billion.
Last month saw 3.311 million barrels of oil equivalent per day produced in Brazil, the National Agency of Petroleum, Natural Gas and Biofuels (ANP) reported.
The surplus stood slightly over USD 30 billion in the first six months, the result of USD 114 billion in exports and USD 84 billion in imports.
The Brazilian federal government will partner up with companies Vale and MRS Logística to build strategic railways across the country.
The Arab country’s economy posted a sharper growth last year than in 2016 and should grow even more in 2018. Increasing exports helped boost the performance.
A Brazilian Central Bank poll shows financial market players are expecting inflation this year to be higher than in the last week.
The United States currency was selling for BRL 3.877 by the end of the last business day of June. Much of the hike happened over the past three months.
Production averaged 2.6 million barrels per day last year in Brazil. Manufacturing of oil products, on the other hand, slid by 3.7% to 1.9 million bpd as spending on imports went up.
