The UAE, which is the primary Arab buyer of shoes from Brazil, stripped down its imports by 19% to USD 13.4 million last year.
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Sales were up 0.7% from October and 5.9% year-on-year, the Brazilian Institute of Geography and Statistics (IBGE) said.
Think tank Fundação Getulio Vargas’s IGP-DI was driven by wholesale prices, which dropped by 2.52% last year.
As per the Brazilian Central Bank’s Focus Bulletin, financial market players polled expect 3.95% inflation and 2.69% economic growth this year.
The National Motor Vehicle Manufacturers Association (Anfavea) said roughly 762,000 units were shipped abroad last year. The amount is up 46.5% from 2016.
The Brazilian Institute of Geography and Statistics (IBGE) reported that the national industry grew for the third month in a row, driven by intermediate and durable consumer goods.
The Brazilian state-run bank supplied USD 6.09 billion in credit to projects in this sector last year.
Last year saw 2.24 million automobiles, light commercial vehicles, trucks and buses sold across the country.
Brazil’s 2018 Budget Law provides for a USD 47 billion deficit and works with a 2.5% Gross Domestic Product (GDP) growth estimate.
Output in Brazil amounted to 2.595 million barrels per day, down 1.2% from October and 0.5% from November 2016.
Gas prices will drop by 0.1% at Brazilian refineries this Tuesday, while diesel’s will be up 0.6%.
According to the Aviation Safety Network, there were no fatal victims in flights by major airlines in 2017.
Entrepreneur Katia Aawar created patchwork purse brand Hands Secrets in the Arab country. Born in Lebanon and raised in Brazil, she has expansion plans for hew newly-established business.
Federal, states and local governments in Brazil posted a combined USD 275 million deficit in November.
