Exports totaled USD 548.6 million in June, against USD 210.8 million in the same month of 2017. The hike occurred after the North American government imposed new tariffs on the product.
Browsing: Economy
Banks polled by the Brazilian Ministry of Finance expect the Central Government to run a BRL 149.6 billion deficit this year, down from a prior BRL 151.1 billion.
The data was shown by an IMF executive this Thursday in Beirut in the first day of the Arab Economic Forum. He talked about the need for the region to promote inclusive growth and suggested policies for the countries to be able to reach it.
After two days of decline, the North American currency went up this Wednesday and ended the day at BRL 3.88.
Over 41,000 units were shipped abroad from Brazil in the first half. In June, however, foreign sales slid due to currency depreciation in Argentina.
The Brazilian Institute of Geography and Statistics (IBGE) reported that output dropped in May from April in most of the 15 locations it keeps track of across the country.
The United States currency was selling for BRL 3.797 as trading ended this Tuesday (10).
Foreign sales from Brazil were down 2.6%, while purchases were up 11.7%. The resulting trade surplus exceeded USD 1 billion.
Total oil, oil product and natural gas sales exceeded purchases in the country from January to May of this year.
Sales in Brazil increased 3.6% in June and 14.4% in the year’s first six months.
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.
