The forecast by financial institutions regarding the economy’s growth for this year went from 0.39% to 0.34%. Estimates signal the inflation being lower than the forecast from last week.
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The state-run company is active in fuel distribution and sales, LPG and lubricants in the neighboring country, where it owns 197 service stations.
Brazil’s National Federation of Industry (CNI) has revised down its Gross Domestic Product growth forecast for this year from 0.5% to 0.3%.
From January to June, shipments to the region went up 77.4%. According to the sector’s association, the industry started to look beyond Latin America.
Net savings deposits reached USD 1.8 billion in June, the highest amount for the period since 2013. Year-to-date, withdrawals outweighed deposits.
Brazil’s Finance minister Henrique Meirelles said the growth forecast for this year remains at 0.5%. At the end of June he had said growth could be weaker.
Brazil’s dollar inflow surpassed the outflow in USD 4.3 billion last month, according to the Brazilian Central Bank.
An index that tracks the costs of staple goods in Brazil dropped slightly by 0.02% in June from May. In the 12 months through June, however, the indicator slid by 4.6%.
The Africa Finance Corporation will lend USD 28 million to enable the start of production in the Halk El Menzel field, which is under concession to Tunisian company Topic.
According to a survey conducted by the Brazilian Institute of Geography and Statistics (IBGE), there was an increase of 0.8% over April ando f 4% over May of last year.
Foreign sales from Brazil to the region amounted to USD 5.6 billion in the first half of the month. Overall, the country saw a USD 36 billion trade surplus.
Brazilian production averaged at 2.5 million barrels per day in 2016, up 3.2% from 2015. Exports reached an all-time high.
The organization celebrates its anniversary this Sunday. ‘We have earned the respect of governments and of Brazilian and Arab business owners as an effective, transparent and fair partner,’ said president Rubens Hannun.
The sector’s foreign sales to the Arab countries generated USD 893,000 in revenues in May, well above the USD 286,000 from April. Overall, exports increased 10.5%.
